Gas imports from Russia dropping further

Focus week 28: Gas supplies from Russia have dropped further after the Nord Stream 1 pipeline was shut down for maintenance. The markets fear that the pipeline will not return to service.

Here and now

The price climbs in the short-term contracts in the market continued last week, with the fears surrounding the general energy supply in Europe remaining enormous. The Q4-22 contract has climbed further, while the 2023 contract, on the other hand, has moved sideways somewhat. In the meantime, the EPADs continue to climb in several price areas. In the spot market, week 27 was characterised by a notable price fall compared to the previous week, but with an average system price of EUR 54.25/MWh for the week.

Read Focus here.