Home News Gazprom announces that gas exports via Ukraine to Europe are continuing normally

Gazprom announces that gas exports via Ukraine to Europe are continuing normally

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The company notes that gas demand on this route is 107.5 million cubic meters on Sunday.

Europe’s benchmark natural gas prices began to fall on Friday after reaching record highs on Thursday as Russian deliveries to the mainland rose and US sanctions against Moscow skipped the energy sector, Bloomberg reports.

At the Amsterdam Stock Exchange, natural gas futures fell by up to 21% on Friday, after four consecutive days of growth. On Thursday, reference prices rose by more than 60%, the biggest advance since 2005.

Europe is already in the midst of an energy supply crisis due to low natural gas stocks, and the conflict in Ukraine has highlighted the continent’s vulnerability to a disruption in gas supplies.

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More than a third of Europe’s gas needs come from Russia, and normally a third of those supplies go through Ukraine.

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