Gas, prices remain high. Draghi: “Insist on roof at the price”. Green light for the EU to share storage

Gas prices still under pressure ad Amsterdam, the market that acts as a reference for trade in fossil fuel. Megawatt / hour closed at 129 euros, 1% more from closing on Friday, after climbing in the early morning up to 136 euro. To support the prices there is the fear that, in the face of the reduction of Russian supplies, a rush to replenish the warehouses will be unleashed to reach the minimum filling threshold (between 80 and 90%) necessary to face the winter safely. At the moment the average filling of European deposits is 55.7% with Italy in line at 56%. “We have to keep working on how to impose a ceiling on the price of gas”Said the Prime Minister this morning Mario Draghi during the working session of the G7 in Elmau with the Ukrainian president Volodymyr Zelensky.

At the end of the summit, the G7 countries had “agreed to explore options for decarbonising the energy mix and accelerate the transition from dependence on fossil fuels, as well as for a rapid expansion of clean energy from renewable sources and energy efficiency “. The G7 declaration was adopted together with the EU, Argentina, India, Indonesia, Senegal and South Africa. This goal, it continues, “includes the gradual reduction of coal” and the increase in the share of renewable energies in the energy mix “, recognizing” the contributions of approaches such as the circular economy “. They also “pledge to work together to address potential negative impacts and facilitate the creation of new jobs.” The countries therefore agreed to work together for accelerate a transition process towards climate neutrality, while guaranteeing energy security “.

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Today the EU Council definitively adopted the regulation aimed at ensuring that gas storage capacities in the Union are filled before the winter season and can be shared between Member States in a spirit of solidarity. This is an important step to strengthen the security of the EU’s energy supply in the context of the war in Ukraine, the Council recalls in a statement. “We already have twelve Member States that have immediately cuts in supplies from Gazprom. We all know that the situation is serious and the crisis could even get worse. Gas supplies from the east they have halved compared to the same period last year and the flows could also decrease further “, declared the European Commissioner for Energy, Kadri Simson, upon his arrival at the Energy Council in Luxembourg. “We have to strengthen our response to this Russian action, which has chosen the tactic of blackmail – he added – and we must be sure to be prepared for any scenario “. From Moscow Gazprom reports that “Gas flows through Ukraine still pass through Sudzha after the stop at the transit via Sokhranvka. The Russian energy giant also announced that gas transit through Ukraine stands at 42 million cubic meters per day. At the moment from the hub of the Tarvisio transit 1.1 million cubic meters per hour.


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