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    Enagas named Russia as the first supplier of gas to Spain in terms of volumes in June

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    Russia in June became the first supplier of gas to Spain in terms of volumes, according to Enagas data.

    From these it follows that Madrid purchased the equivalent of 7,673 GWh of liquefied natural gas (LNG) – fuel from Russia accounted for 26.8% of the total gas supplied to the kingdom in the first summer month. The second place is occupied by Algeria (21%), the third – by the United States (18.5%).

    It is noted that in the first half of 2023, Spain purchased almost twice as much LNG from Russia as in the same period last year.

    At the same time, in general, in 2022, the volume of LNG purchased by the kingdom from Russia increased by 45% compared to 2021, TASS writes.

    “It is economically unprofitable for Madrid to refuse from the major long-term contract between Novatek PJSC and Naturgy, which has been in force since 2018, the price of which is lower than market quotations,” the Russian Embassy in Spain explained.

    Sanctions, price ceiling…

    Against the backdrop of EU sanctions in response to a special military operation in Ukraine, a decrease in pumping by Gazprom due to technical problems and explosions at “Nord Streams” gas supplies from Russia to Europe have decreased. As a result, gas prices in the EU in 2022 reached record levels, rising above $3,000 per thousand cubic meters.

    Later, European countries imposed a ceiling on gas prices, as well as increased LNG purchases from the US, Qatar and other countries.

    According to Bloomberg forecasts, in the absence of Russian fuel, high gas prices in Europe will continue until 2030. Gas prices in Russia will rise for the next two years. How tariffs for consumers will change On Friday, the Federal Antimonopoly Service published draft orders providing for an increase in… 07 July 22:48

    and long-term contracts…

    In turn, the Austrian company ÖMV will continue to buy most of the gas in Russia in the winter, its CEO Alfred Stern said in an interview with the Financial Times.

    He clarified that ÖMV signed a long-term contract with Gazprom in 2018, which runs until 2040. The company intends to receive gas “as long as Gazprom supplies it,” Stern assured.

    Speaking of sanctions, he noted that “the elimination of certain sources will also lead to higher prices.” ÖMV provides about 30% of the Austrian gas market, RBC reports.

    How much does gas cost for Russians

    Regulated natural gas prices for all categories of consumers – both households and industry – can be increased by 8% from July 1, 2024. The same indexation is planned to be carried out from July 1, 2025, follows from the proposals of the Federal Antimonopoly Service (FAS).

    The drafts of the relevant orders of the department were posted on July 7 on the portal of regulatory legal acts.

    The last time the cost of gas was increased in Russia in December 2022 — by 8.5%. Tariff for consumers per 1 cu. m in the presence of gas heating is 6.42 rubles, in its absence – from 7.33 rubles. up to 8.92 rubles.

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