FacebookInstagramTwitterContact

 

N. Sumatra Police Arrest Man For Fatally Stabbing Nephew At School           >>           SAF Conducts Risk Assessment Of Parachute Jumps After Red Lions Parachutist's Hard Landing           >>           Wanita BN Convention: Don't Let Opposition Twist LCS Issue, Says Tok Mat           >>           Tanggul Limbah Beracun PT KPUC Jebol, Albert: Kekuatiran Saya Terbukti, Warga Jadi Korban           >>           12 Made Homeless After Fire Razes 3 Wooden Houses In Sibu           >>           New SOP To Determine Overloading           >>           DPMM FC Berpesta Gol           >>           Man Woke Up To Go For A Pee To Find He Was In A Coffin ‘And Had Been Sacrificed’           >>           Tidak Ada Kes Dalam Kategori 5           >>           Acara Keagamaan, Kebajikan Semarakkan Ulang Tahun Pembukaan Masjid SSBRPAD           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:46AM

Subuh

: 04:56AM

Syuruk

: 06:17AM

Doha

: 06:40AM

Zohor

: 12:26PM

Asar

: 03:43PM

Maghrib

: 06:34PM

Isyak

: 07:46PM

 



The Business Directory


 

 



World Business


  Home > World Business


EU Gas Swings As Russia-Turkey Flows Resume While Risks Loom


 


 June 28th, 2022  |  15:22 PM  |   206 views

EUROPE

 

European natural gas prices fluctuated, with traders weighing the return of flows via Turkey against the risk of a further deterioration in supplies to the continent.

 

Gas shipments via the TurkStream pipeline resumed after maintenance ended on Monday, Russia’s Gazprom said on Telegram. The link, which has an annual transport capacity of 31.5 billion cubic meters, connects Russian gas reserves to the Turkish gas transportation network, as well as south and southeast Europe. 

 

Traders are watching for any change in Russian gas flows to Europe, after Moscow earlier this month cut supplies through the Nord Stream pipeline to Germany by 60%, citing technical issues.

 

All eyes are now on how Europe will handle a complete halt on Nord Stream for maintenance from July 11-21. Germany is concerned that flows via the main route to Europe won’t return after the work is complete, with the possibility of Russia retaliating for sanctions related to its war in Ukraine.

 

The EU’s gas supply situation could worsen if Russia halts gas flows to the region in the coming weeks, Energy Commissioner Kadri Simson said Monday. The bloc’s projections show that while storage filling rates are currently on track to hit 90% by Nov. 1, a cut-off would bring that level to below 75%.

 

Group of Seven leaders are pushing for more actions to choke off the profits Russia makes from energy exports that are helping to fund the war. The nations are expected to announce that they will instruct ministers to explore implementing a price cap on Russian gas.

 

Meanwhile, Germany -- which relies on Russia for more than a third of its gas imports -- is seeking to import liquefied natural gas from Canada to help replace Russian supplies. German Chancellor Olaf Scholz used a meeting with Canadian Prime Minister Justin Trudeau on Monday to push for closer energy ties.

 

Dutch front-month gas futures, the European benchmark, rose 0.3% to 129.86 euros per megawatt-hour by 8:52 a.m. in Amsterdam, following an earlier decline. The UK equivalent fell by 2.3%.

 


 

Source:
courtesy of BLOOMBERG

by Vanessa Dezem

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


New SOP To Determine Overloading

 2022-08-14 13:28:06

HIV Medicines: India Patients Say Hit By Drugs Shortage

 2022-08-14 10:31:52

South Korea To Slash National Budget For First Time In 13 Years

 2022-08-14 12:47:14