MOSCOW: At the end of June, gas prices in Europe increased six times year-on-year and are still rising, Sputnik quoted European Commissioner for the Economy Paolo Gentiloni in a report on Thursday.“Commodity prices are being showing signs of easing lately, in the face of global weakness; however, gas is an exception. Interruptions in Russian gas supply and concerns of the further cuts pushed the European benchmark gas up again. By end June it was trading at 140 euro per megawatthour – more than 6 times the price one year earlier. But this price continues to rise after our cut of date, reaching 173 euro per megawatthour on July the 12,“ Gentiloni said during a briefing.Gentiloni also said t
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