For most of the countries of Europe and primarily for Germany the increase in gas prices means an increase in the difference between the value of exports of pipeline and liquefied natural gas (LNG). More expensive LNG is going to lose attraction for consumers connected to pipelines.
And for parts of Western and Central Europe deliveries through Nord stream more profitable on other routes, but not yet put into operation the second pipeline under the Baltic sea, they are restricted to 55 billion cubic meters per year. But only in 2019, not the best for Russian exports, “Gazprom” has put one of Germany’s 53 billion cubic meters of gas. In Germany there is no terminal for receiving LNG, the first to be launched in 2023. With the growth of gas consumption in Europe both the “Nord stream” for Germany present a definite economic interest. Delivery as LNG, on the contrary, around the country side. Moreover, with the shortage of gas in Germany will have already buy regasification product that will affect its price. Before that, of course, still very far away, but to exclude such a possibility impossible.
“a Direct link between the market conditions and plans the completion of the pipeline no, but the launch of “Nord stream-2″ will make the European gas market more liquid and resilient to spikes in food prices”, – said the Deputy head of the national energy security Fund Alexei Grivach. Of course, I understand it in Europe.
the Rise in gas prices associated with the weather forecast. Next week in Europe expected to heat up to 40 degrees, which will lead to a surge in electricity consumption.
has Played its role and the fact that Ukraine is one and a half times has increased gas imports. Shipments exceeded 100 million cubic meters per day, with more than 40 million cubic meters made up of the reverse from Slovakia and over 60 million cubic meters of virtual reverse, through the supply of Russian gas.
But whatever caused the increase in gas prices, it means an increase in demand and the beginning of recovery in the European market. “According to Markit Economics, the composite Eurozone PMI in July rose to 54.9 points from 48.5 points in June,” said analyst, Institute for complex strategic studies Natalia Churkina. She explained that the PMI is a leading economic indicator, whose value above 50 reflects an increase in business activity.
