Oil & Gas Sector Check - Impact Of Nord Stream Pipeline On Russian Gas Flows To Europe: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.In 2020 and 2021, the Nord Stream pipeline was the largest single route for Russian gas deliveries to Europe. In 2021, Nord Stream supplied a little over 40% of Europe’s pipeline gas imports from Russia. Since October 2017, Nord Stream has generally operated at its full 165m cubic meter per day capacity, outside the annual scheduled 10-day maintenance every July. Factors that led to Russian gas-flow drops in 2021 and 2022: Severe winters in northeastern Asia caused liquefied natural gas cargoes to be drawn away from Europe, leading to a heavy drawdown in European stocks. At the same time, Russia experienced a very cold winter and drew heavily on its own stocks. Besides long-term contracts, Gazprom sold spot volumes to the European market. With the Russian invasion of Ukraine, sanctions and pressure from the European Commission, Gazprom reduced gas to Europe by not selling spot volumes to counterparties via its trading subsidiaries..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Oil & Gas Sector Check - Impact Of Nord Stream Pipeline On Russian Gas Flows To Europe: ICICI Direct

Oil & Gas Sector Check - Impact Of Nord Stream Pipeline On Russian Gas Flows To Europe: ICICI Direct

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