December 4, 2022

Natural gas prices in Europe fell after the Russian energy giant Gazprom announced the resumption of gas supplies to Italy via Austria.

And Bloomberg news agency reported today that benchmark gas futures prices fell 3.1 percent, reversing initial gains.

Today, Gazprom announced on its Telegram channel that it “managed to find a solution in cooperation with Italian buyers” amid changes in Austrian legislation at the end of September that stopped deliveries to Italy.
However, as winter approaches, supply risks increase.

The operator of the damaged Nord Stream natural gas pipeline said late last night that it could not inspect the gas pipelines because it had not received previously requested permits, indicating that the process could take a long time.

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