Gazprom cuts EU gas supplies
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Gazprom has cut EU gas supplies through the Yamal-Europe pipeline, pushing prices at the Dutch TTF – the premier trading hub for gas futures – above €100 per megawatt hour
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EU supplies via Yamal
(million cubic metres per day)

TTF natural gas futures
(€ per megawatt hour, close price)

Jul 2021: Following cold winter, EU’s gas storage is just 48% full, against five-year average of 72%

Jul 30: Kremlin- controlled Gazprom sharply reduces deliveries to storage facilities in Austria, Germany and Netherlands

Sep 26: Gazprom drastically reduces gas deliveries through Yamal
  
      
Jul 1: 109.5
Jul 6: 7.9
Jul 30: 108.4 
Aug 14: 47.3
Aug 24: 92.6
Sep 26: 111.8
Oct 2: 30.0
 

Jul 1: €36.14 
Aug 20: €41.94
Oct 5: €108.19 
Open Oct 7: €98

Oct: Shortage in EU’s  storage reaches 28% or 22.9 billion cubic metres

Aug 5: Fire at gas treatment plant in Novy Urengoy, Russia

JUL AUG SEP OCT 
0 20 40 60 100 120



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Sources: Gazprom, TTF Natural Gas Calendar, Reuters Picture: Getty Images © GRAPHIC NEWS