European gas prices surge as Russia reduces supplies ...News

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The key pipeline to the EU has been shut down for 72-hour maintenance European spot prices for natural gas rose in early trading on Wednesday after Russian energy major Gazprom shut down supplies via the Nord Stream 1 pipeline. According to the Intercontinental Exchange data, the price of October gas futures on the TTF hub in the Netherlands rose 5.5% to €280 ($280) per megawatt-hour, or $2,906 per thousand cubic meters, at around 07:00 GMT, after falling below $2,600 the day before. Earlier on Wednesday, Gazprom confirmed the temporary halt of natural gas deliveries to Europe via Nord Stream 1 due to scheduled ma

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