“We have gas ready for export, but the Europeans have to Return of the repaired turbines of the Nord Stream pipeline (The gas pipeline connecting Russia and Germany with a capacity of 30 billion cubic meters per year, ed.)”. According to the Kremlin spokesman Dimitri Peskov, as reported by Interfax. “Europeans did not return the turbines of the Nord Stream pipeline after maintenance and this is the reason for the delays in the delivery of gas to Europe,” he added. Gazprom will already deliver smaller quantities of gas than Eni requested. This can be read on the technical platform of the GME, which constantly reports the technical information on the supply currents from the energy system. tensions that persist push prices Fuel trading today on the Amsterdam Stock Exchange at 126 euros per megawatt/hour, up 7% from last Friday’s close.
Gazprom also decided to do this Do not reserve additional storage space to transport gas through Ukrainian pipelines to Europe in July. It is a a sign that shipments from Moscow could continue for weeks. Germany called Russia’s supply cuts “politically motivated” and not because of technical problems, as Gazprom said. Gas supply next month could be even lower as the Nord Stream pipeline is expected to be completely shut down for several days for maintenance. The European Commission is working with international partners to explore the possibility of introducing a temporary cap on the price of gas. An EU spokesman said this morning, thereby reaffirming Brussels’ commitment after the mandate given by the EU heads of state and government three weeks ago. In the conclusions of the summit on May 30th and 31st, the heads of state and government called on Brussels to work towards this internationally assess the feasibility of the measure, if appropriate.
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Through overtaking manoeuvres, Russia became China’s most important oil supplier Saudi Arabia. That’s according to Chinese customs data for the month released today Can. Beijing receives crude oil from Moscow at a significant discount compared to market prices ($112 a barrel today) as Western sanctions “force” Russia to turn to other customers. Last month the China bought 8.4 million tons of Russian oil, 28.5% more than in April and 55% more than last year. The value of the cargoes, most of which will be delivered by ship and through the oil pipeline connecting the two countries, is nearly $7.5 billion. (7.1 billion euros). China, likeIndiatakes advantage of Moscow’s particularly advantageous offer, which sells its oil cheaper by up to $20-30 per barrel.
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Finally, prices remain so high (+ 53% compared to last year) to guarantee high profits for the supplier. Russia is the third largest oil producer in the world after the USA and Saudi Arabia Capacity of about 10 million barrels per day and reserves of 107 billion barrels. China is the second largest consumer of crude oil after the United States and uses it almost every day 14 million barrels. Of these, 10 million are bought by China from abroad the first importer on the planet. Last week the Chinese President Xi Jinping held a telephone conversation with the Russian President Wladimir Putin. According to the official Xinhua News Agency, Xi Putin said China is “ready to mutual support with Russia on issues related to sovereignty, security and issues of major importance”.
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