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Gas rose after the explosion of a gas pipeline in Chuvashia


December, 20 2022
watermark Economic news

Exchange prices for gas in Europe accelerated the pace of growth after the news of an explosion on a gas pipeline in Chuvashia. The cost of «blue fuel» approached the mark of $ 1,250 per thousand cubic meters. 


As you know, the Urengoy – Pomary–Uzhgorod main gas pipeline crosses the Russian-Ukrainian border near the Sudzha station in the Kursk region, and this is the only entry point for Russian gas to Ukraine for transit to Europe today.


Analysts note that the explosion on the gas pipeline looks like an accidental accident and is unlikely to lead to a prolonged cessation of gas supplies through Ukrainian territory to Europe. The cause of the fire was a gas leak. It is also reported that repairs were carried out on the gas pipeline. 


At the moment, the gas pipeline is blocked on both sides. There may be difficulties with transportation within two days, but in a few days the gas pipeline supplies will resume in the same volume at which they have been held since the end of May – about 42-42.5 million cubic meters per day.



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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.