Gazprom is gradually strengthening its position as a key gas exporter to south-eastern Europe.
More record gas prices on the EU market. On Monday, the price exceeded USD 650. There is a shortage of gas, and the storage facilities in many countries are not ready for winter.
On September 6, 2021, specialists on the laybarge Fortuna welded the last pipe of the two strings of the Nord Stream 2 Pipeline.
According to EU documents, the cut-off date for the use of Russian gas in the Community is 2046.
“Hungary is ready to enter into a new long-term contract with Russia’s Gazprom,” Foreign Affairs and Economic Relations Minister Péter Szijjártó said.
The German court shared the arguments raised by PGNiG Group, stating that Nord Stream 2 does not meet the basic condition entitling to apply for a derogation.
Gazprom has reported that in the first eight months of the year, exports of “blue fuel” to non-CIS countries increased by 21.5%.
The decline in supplies through Yamal-Europe is the direct cause of another price increase, Kommiersant writes. Supplies via this pipeline dropped by 44 percent to 0.84 million cubic metres per hour due to a fault caused by a fire at the Urengoy plant.
In January-July, 2021, Gazprom’s gas exports to the Far Abroad countries reached 115.3 bcm.
Russia is consistently implementing its strategic goal of dominating Europe’s gas market. After winning the Nord Stream 2 case, Gazprom will launch a major new gas investment.