E.U. natural gas prices soar on NS2 delays, sudden Belarus pipeline closure

By Around the Web

(ZEROHEDGE) – European natural gas prices continue to soar after Nord Stream 2 pipeline delays were seen earlier this week, and now a major crude pipeline from Russia into Europe has temporarily halted flows due to “unscheduled repairs.”

The newest market generated information pushing up European natgas prices to the highest levels in a month is due to a Belarus portion of the Druzhba oil pipeline system carrying Urals crude from Russia to Europe has temporarily halted flows to address “unscheduled repairs,” the Russian energy export giant Transneft wrote in a statement.

Gomeltransneft, the operator of the Belarusian section, said maintenance began on Nov. 16. “Starting from yesterday, Gomeltransneft has started an unplanned maintenance at one of the lines of the Druzhba pipeline, having restricted [crude] pumping towards Adamowa Zastawa [in Poland] tentatively for three days, but the plan for the month is not revised,” a Transneft spokesman said.

Leave a Comment