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EU gas futures rise significantly

Oil&Gas Materials 25 March 2024 18:04 (UTC +04:00)
Lada Yevgrashina
Lada Yevgrashina
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BAKU, Azerbaijan, March 25. European gas futures (prices with near- or medium-term delivery) rose 4.2 percent on Monday amid fears of energy supply disruptions, reports Trend.

The concerns are also related to a strike on the infrastructure of Ukraine's largest underground gas storage facility (UGS) on the evening of March 24.

UGS Ukraine proposes to store European gas. This territory is also crossed by the Russian-European gas pipeline. The only area of the gas storage facility that was affected was the ground.

At the same time, on March 25, Russian Gazprom began supplying Russian gas for transit through Ukrainian territory in the amount of 42 million cubic meters per day.

As of Monday, March 25, European UGS facilities had been "filled" with gas by 59.17 percent (which is 17.58 percent greater than the average on this day for the previous five years).

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