Average gas prices in Europe soared during trading on August 2. The cost of September futures on the TTF hub at the high was more than $2,260 per thousand cubic meters, according to data from the London Stock Exchange ICE.

By the time of writing, the cost has been corrected to $2,240 (plus nearly 4 percent to the previous day’s close).

Fuel prices remain high amid continued uncertainty about the prospects for continued supplies from Russia. Since June, Gazprom has reduced pumping volumes, citing technical problems due to the lack of a turbine not returned from repairs in Canada because of sanctions.

On August 1, the deputy head of the gas concern, Vitaly Markelov, said that the company will agree to accept the turbine repaired in Canada if Gazprom is removed from the sanctions of Canada, the UK and the European Union. According to him, only one of the six gas compressor units is now in working order, if we do not count the “hot standby” turbine.

Russian presidential press secretary Dmitry Peskov said on August 2 that the Kremlin had no information about the location of the turbine. Germany earlier refused to disclose the information.