Nord Stream Closed, Russia Still Supplies Gas to Europe Through Other Routes

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Adi Ahdiat 12/09/2022 17:00 WIB

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Despite the closure of Nord Stream, Russia continues to supply gas to the European Union through other pipelines.

Daily Russian Pipeline Gas Supply to the European Union (August 4 - September 4, 2022)

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Nord Stream Closed, Russia Still Supplies Gas to Europe Through Other Routes

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Daily Russian Pipeline Gas Supply to the European Union (August 4 - September 4, 2022)

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Gazprom, a Russian energy company, halted gas flows to Europe through the Nord Stream pipeline starting August 31, 2022, until further notice. Russia cited international sanctions as retaliation for this supply stoppage.

"Problems with gas pumping have arisen due to sanctions imposed by Western countries against our country and a number of companies," said Kremlin spokesman Dmitry Peskov, as reported by the *Financial Times* on Monday, September 5, 2022.

However, despite the closure of Nord Stream, Russia continues to supply gas to the European Union through other pipelines.

According to data compiled by Bruegel, a Belgian-based research institute, until September 4, 2022, the European Union continued to receive Russian gas supplies via the Turkstream pipeline and the Ukrainian Transit Gas route, with volumes ranging from 37 million to 47 million cubic meters per day, as shown in the graph.

"These differing routes of gas supply from Russia are at the heart of current geopolitical tensions," Bruegel explained in its report on Tuesday, September 6, 2022.

These geopolitical tensions have driven natural gas prices in Europe to US$70 per million British thermal unit (mmbtu) in August 2022.

This price is approximately 147% higher year-to-date (YTD), over 353% higher year-on-year (YOY), and the highest ever recorded by the World Bank.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Nord Stream Closed, Russia Still Supplies Gas to Europe Through Other Routes

Nord Stream Closed, Russia Still Supplies Gas to Europe Through Other Routes

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