Gazprom Starts Pumping More Gas to Europe: Price Falls

Nov. 10, 2021 (EIRNS)—Gazprom has booked more capacities through Ukraine and Poland and started to pump more gas this morning, defying speculation that Russia would start delivering on Putin’s promises only after certification of Nord Stream 2.

According to Bloomberg, the benchmark next-month gas futures fell 3.4% to settle at €70.12 a megawatt-hour in Amsterdam, after having fallen more than €10 initially.

Gazprom is delivering on Putin’s directions only 24 hours after the deadline of Nov. 9, indicated as the day when Russian storage facilities would be filled and Gazprom would start refilling European ones.