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Gazprom Can Deliver 5.6Bln Cubic Meters of Gas Through Nord Stream 2 Pipeline in 2021

© REUTERS / Anton VaganovFILE PHOTO: Workers are seen at the construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Leningrad region, Russia, June 5, 2019
FILE PHOTO: Workers are seen at the construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Leningrad region, Russia, June 5, 2019 - Sputnik International, 1920, 19.08.2021
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MOSCOW (Sputnik) - Russian gas giant Gazprom said on Thursday it could deliver 5.6 billion cubic meters (1.34 cubic miles) of gas through the Nord Stream 2 pipeline this year.
"A total of 5.6 billion cubic meters of gas can be delivered through the Nord Stream 2 gas pipeline this year," the company said in a statement.
The announcement resulted in European gas prices dropping below $500 per 1,000 cubic meters.
According to the London-based Intercontinental Exchange trading service, the price of September futures based on the Dutch TTF index, the most liquid European hub, fell by 5% to about $510 per 1,000 cubic meters. At 01:03 p.m. Moscow time (10:03 GMT), the value index was trading at $493.
Nord Stream 2 is a joint venture of Gazprom and five European partners. The pipeline aims to carry Russian natural gas to Germany across the Baltic Sea. It consists of two 1,230-kilometer (764-mile) long lines with a combined annual capacity of 55 billion cubic meters of gas.
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