New “explosion” of gas prices in Europe

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The gas prices in Europe recorded jump over 8% today, approaching a record high, with Russian deliveries to Germany via the Yamal-Europe pipeline reaching very low levels.

The rapid rise in gas prices in Europe in 2021 has led to rising energy prices, fueled concerns about the impact on inflation and caused the collapse of providers in Britain.

The Dutch gas contract was at 146.00 euros / MWh, having previously risen to 146.73 euros, close to the historically high level of 155 euros recorded in October.

Flows have fallen, according to data from German grid management company Gascade, as Russia’s Gazprom began filling the second Nord Stream 2 pipeline with gas on Friday, fueling energy concerns in Europe.

Flows at the Mallnow measuring point at the German-Polish border had dropped to an hourly volume of just about 370,000 kWh / h compared to more than 1,200,000 kWh (kWh / h) on Saturday and over 10,000,000 kWh / h on Friday.

Flows in the pipeline, a major pipeline for Russian gas to Europe via Belarus, averaged between 9,000,000 and 12,000,000 kWh / h this month.

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