Europe feels some relief as NS is filled with gas once again

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The Nord Stream gas pipeline, which carries Russian gas from Russia to Germany, will be put back into operation on Thursday after a ten-day maintenance period. In Europe, it was feared that the pipeline would no longer be used at all.

It will take some time before the gas supply through the pipeline is completely back to normal, but at least the transport of Russian gas was restarted on Thursday, a spokesman for Nord Stream said.

For the maintenance period, the Russian state gas company Gazprom had limited the gas supply to 40 percent of normal capacity. It is clear from the gas supply orders that Russia wants to return to this level.

In the EU, and in particular in Germany, it was eagerly awaited for days whether the pipeline would reopen after the planned maintenance. It was feared that the Russians would use the closure of Nord Stream as retaliation for the international sanctions against Russia.

After it became known that Russia is sending gas to Europe again, gas prices fell slightly. Immediately at the opening of the Amsterdam gas exchange, the price went down to 6.5 percent, then the price rose again.

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Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

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