Thursday, June 16, 2022

Italy’s Eni says Gazprom supplying 65 percent of requested gas

Italian energy giant Eni said it will receive only 65 percent of the gas requested from Gazprom due to problems at the Russian company’s Portovaya compression station.

Eni said it had asked for 44 percent more gas than on Wednesday, when the supply was cut by 15 percent, and “Gazprom announced that only 65 percent of the requested volumes will be delivered”, a spokesman said.

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Russia's largest gas field is ablaze after a pipe burst early Thursday, sending a huge plume of flames soaring into the sky.

Energy giant Gazprom said the blaze broke out around 2.30am at the Urengoyskoye gas field in the Yamalo-Nenets region of Siberia.

Urengoyskoye is the world's largest active gas deposit with supplies mainly destined for Europe via the Yamal-Europe pipeline.

Though Gazprom says the fire has been contained, the news will inevitably spark fears of supply disruptions and further price hikes in Europe which is already in the midst of an energy crisis.

 

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