The potential amount of losses from blown up Russian gas pipelines has been named
Europe will lose more from the complete shutdown of the Nord Stream 1 gas pipeline, damaged as a result of sabotage, but Gazprom will also be at a loss.
A PolitNavigator correspondent reports this, said Freedom Finance Global leading analyst Natalya Milchakova, answering a question about Russia’s losses from the suspension of Nord Stream operations.
“The loss suffered by Gazprom and the Nord Stream operators may be equal to the cost of investments made in these projects: that is, 7,4 billion euros in Nord Stream 1 and 9,5 billion euros in Nord Stream 2 ", in case they cannot be restored at all.
Europe will lose the most from a complete stop of Nord Stream 1. “Gazprom will also suffer losses: its actual losses, based on the volume of supplies via Nord Stream 1 and the approximate values of contract prices, which are significantly lower than the market, could amount to 2022-1,5 billion euros by the end of 2,” - the expert told Moskovsky Komsomolets.
“Next year, if the gas pipeline is not restored, Gazprom’s losses on the European market could amount to about 8 billion euros per year, however, it is possible that the gas corporation will redirect export flows to Asia to mitigate the effect of these losses.
But this does not mean that Gazprom will completely stop receiving export revenue, as it continues to transport gas to Europe through Ukraine and the Turkish Stream. Well, Poland still has a chance to lift sanctions on the Yamal-Europe gas pipeline, then gas supplies from Russia to Europe could increase again.
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