The natural gas flow via Russia’s Nord Stream 1 pipeline has dropped to 20% of capacity The price of natural gas in Europe has climbed to its highest level since March after Russia reduced supplies via the Nord Stream 1 pipeline on Wednesday due to technical reasons. On Wednesday morning, August futures on the TTF trading hub in the Netherlands briefly exceeded $2,400 per thousand cubic meters or €227.5 ($230.6) per megawatt hour in household terms, before retreating to around $2,300 per thousand cubic meters. European gas prices have more than tripled this year. On January 1, natural gas was trading at around $64
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