Gas prices grow by 30% as markets react to Nord Stream-1’s continued shutdown
Read also: Europe ready if Russia totally halts gas supplies, says EU official
The price jumped to $2,855 per 1,000 cubic meters when the markets opened on Sept. 5 – a massive 29% increase compared to $2,2213 on Sep. 2.
Read also: Canada to grant Ukraine nearly $350 million for gas ahead of winter
Russian state-owned fossil fuel company Gazprom said that the pipeline will remain non-operational due to motor oil leaks in Siemens engines which power the gas turbines. According to Russia, this malfunction can only be fixed in service facilities in Canada’s Montreal – an alleged impossibility, due to Canadian sanctions.
Siemens has dismissed Gazprom’s claims, saying that such malfunctions had not shut down the pipeline in the past.
Read also: German natural gas storages 75% full
Gazprom continues to pump 42 million cubic meters of gas to Europe per day via Ukrainian pipelines.
According to Brussels, EU gas reservoirs were 80% full by September.
Read the original article on The New Voice of Ukraine
