Take off the gas price on the Amsterdam Stock Exchange on the day when, as announced on Monday, Gazprom reduced flows through the Nord Stream to 20% of maximum capacity. Stocks hit a new intraday record of 225 euros per megawatt hour, with an increase of 12% compared to Tuesday's session, and now they are traveling above 219 euros with an increase of 9,6%. To understand the scope of the increases, just think that over the last month in Amsterdam prices have risen by 69,5%, while compared to July 2021 the upside is 451%.
To deal with this growing emergency situation, the EU Council of Ministers approved the new one on Tuesday consumption reduction plani for the winter. The goal is to protect itself from the risk of rationing in the event of further supply constraints by Gazprom.
Eni: supplies from Russia at 27 million cubic metres
According to the latest update provided by Eni on supplies of gas from Russia "Gazprom has announced today the delivery of volumes of gas equal to approximately 27 million cubic meters, against daily deliveries of approximately 34 million cubic meters made in recent days", writes the group in a note in which it reserves the right to communicate any updates in the event that there are further significant changes in the quantities delivered communicated by the Russian group Gazprom.
In Germany, Gascade, the operator of the two arrival points in Lubmin of the Nord Stream 1 gas pipeline, announced that gas supplies dropped to 1,28 million cubic meters per hour, approximately 20% of capacity, due to the closure of another turbine.
Gazprom's announcement
The reduction of supplies it was announced on Monday, supporting the need for maintenance but from the European front. A reasoning however rejected by Germany, according to which it would be the umpteenth attempt (successful at this point) to drive up gas prices, threatening the stability of the European Union.
