Bloomberg: gas prices in Europe rise on rumors of Suji's capture
Kyiv • UNN
Gas prices in Europe hit a one-year high following reports that Ukrainian troops have seized the gas transit point in Sudzha. There is no official confirmation, but traders fear possible supply disruptions.
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Ukraine's gas transportation system operator said transit on Thursday would be within normal limits. It is unclear whether Gazprom will supply through Sudzha if it is indeed seized by Ukraine.
Dutch futures, which are the benchmark for European gas, rose 5.3% to 38.62 euros per megawatt-hour by 17:53 in Amsterdam. Since the start of the stockpiling season in April, the contract has risen by about 40%.
It is worth noting that Sudzha is the only receiving point for Russian pipeline gas going to Europe via Ukraine after the other major receiving point, Sohranivka, was decommissioned in May 2022.
In 2023, the Urengoy-Pomary-Uzhhorod gas pipeline transported about 14.65 billion cubic meters of gas, which is about half of Russia's gas exports to Europe.