‘Market participants are still wary of further supply cuts and elevated prices though’. Gas supplies to Europe are holding firm despite ongoing troubles at the Nord Stream 1 pipeline, leaving the market in equilibrium, albeit temporarily. That’s according to Rystad Energy analyst Lu Ming Pang, who made the statement in a market note sent to Rigzone late Wednesday. The Rystad analyst outlined in the note that Russian pipeline flows from Nord Stream 1 were around 63 million cubic meters per day, while pipeline flows from the Ukraine transit were around 37 million cubic meters per day. “Despite being short of the 150 million cubic meters per day level before Nord Stream 1 issues, gas flows have remained stable,” Pang said in the note. “Market participants are still wary of further supply cuts and elevated prices though, as annual maintenance is planned for the pipeline from July 11 to July […]