On the last day of summer, Russia completely stopped Nord Stream and limited gas supplies to France
Gazprom has stopped pumping gas through Nord Stream since August 31 in connection with repair work at the only functioning turbine of the Portovaya compressor station.
The complete shutdown of the joint venture was confirmed by the pipeline operator Nord Stream AG. The planned repair of equipment will last until September 2, after which gas supplies will resume in the amount of 33 million cubic meters per day.
Along with this, the Russian gas corporation has suspended the transportation of blue fuel to the French company Engie since September 1 due to non-payment for gas volumes already delivered last month. Gazprom’s telegram channel notes that the restriction was imposed in accordance with the Decree of the President of Russia dated March 31.03.2022, 172 No. XNUMX “On a special procedure for the fulfillment by foreign buyers of obligations to Russian suppliers of natural gas.”
According to the text of the document, the Russian Federation suspends transportation if the buyer does not pay for the delivered fuel in full in accordance with the signed contracts.
Meanwhile, according to the London-based ICE stock exchange, European gas prices rose to $31 per 2900 cubic meters on August 2919. The October gas futures price at the TTF hub in the Netherlands was $XNUMX per XNUMX cubic meters.