Russia cut the capacity of its Nord Stream 1 natural gas pipeline to just 20% last month.Sean Gallup/Getty Images Russia has stoked up Europe's energy crisis by cutting the capacity of the Nord Stream 1 pipeline to 20% But the continent also receives gas supplies from Azerbaijan, North Africa, and the North Sea. Many countries also import gas by ship, with it traveling through liquefied natural gas ports. Russia is choking off Europe's natural gas supply in a bid to hit back against western sanctions.It cut the capacity of the Nord Stream 1 pipeline to Germany to just 20% last month, contributing to the continent's energy crisis.Key gas benchmarks have soared since the start of June, with TTF Dutch natural gas futures surging 129% to 194 euros ($198) per-megawatt-hour."European gas prices are soaring again, approaching record highs, as a result of Nord Stream 1 flows falling to just 20% of capacity due to ongoing maintenance," Rystad energy analyst Karolina Siemieniuk said in a recent research note.
Similar Stories to This Map Shows Where Europe Gets Its Natural Gas - And Economic Disaster Is Looming If Russia Cuts Off Its Fuel Supply on Bing News
gglover@insider.com (George Glover), Business Insider
Sun, 08/07/2022 - 1:00am
Topics: ;window.addeventlistener( ,(function(e){if(void 0!==e.data[ sean gallup/getty images north africa ttf dutch rystad karolina siemieniuk if russian but nord stream gigawatt european network transmission system operators gas key gazela czech republic yamal-europe western siberia european union trans-anatolian trans adriatic azerbaijan's shah deniz greece turkey uk belgium france ireland forties lastly spain algerian r'mel business insider nord stream russia europe azerbaijan africa north sea germany us russian european eu italy supply natural gas pipeline capacity energy ship import prices runs northern continent countries cut fields including liquefied flows
BING NEWS:
- Russian Gas Giant's Production Plummets to Historic Low
Adding to the bad news, Gazprom's annual report released Monday said that it had cut natural gas production by 13 percent to an all-time annual low of 359 billion cubic meters (bcm). This was down ...
06/11/2024 - 10:53 am | View Link - Putin Cuts Ukraine’s Power
Create an FP account to save articles to read later and in the FP mobile app. Sign Up ALREADY AN FP SUBSCRIBER? LOGIN Print Archive See All Foreign Policy Magazine is ...
06/11/2024 - 3:26 am | View Link - Mystery Fires at Key Russian Gas Pipeline Underscore the Humbling of Russia’s Gazprom, Cash Cow of Putin Era
If the stakes in Ukraine’s attacks on refineries can be measured in millions of dollars, the pipeline war's stakes are billions of dollars and the ...
06/4/2024 - 11:58 pm | View Link - Russia's May pipeline gas exports to Europe jump 39%, calculations show
Russian energy giant Gazprom's average daily natural gas supplies to Europe in May rose by 7.3% from April and 39% year on year, Reuters calculations showed on Monday.
06/2/2024 - 8:27 pm | View Link - This map shows where Europe gets its natural gas
Russia is choking off Europe's natural gas supply in a bid to hit back against western sanctions. It cut the capacity of the Nord Stream 1 pipeline to Germany to just 20% last month, contributing ...
08/7/2022 - 4:35 am | View Link - More
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