The exchange price of gas in Europe rose on 11 May after the termination of the transit of Russian gas through the occupied territory of Ukraine. The price of the TTF May futures rose by 4 percent to 1,120 dollars per 1,000 cu.m., according to data from the London-based ICE.
This is evidenced by the data of the London Stock Exchange ICE.
As a reminder, the operator of GTS of Ukraine (UGTSU) announced that from May 11 it stops the transit of gas to Europe via the Sohranivka gas pipeline in the Luhansk region, which has been seized by the Russian troops. The company said that force majeure had occurred.
At the same time, in order to fulfill transit obligations to European partners in full and in accordance with the terms of the contract, it is possible to temporarily transfer unavailable capacities from the physical connection point "Sohranovka" to the physical connection point "Sudzha", which is located on the territory controlled by Ukraine.
However, Russia's Gazprom refused to transfer the transit to the Sudzha gas distribution station, saying that it was technologically impossible to do so based on the Russian flow scheme. At the same time, Gazprom had previously redirected flows to this point due to the repair of pipelines.
