Gas Prices In Europe Jump Higher On Latest Gazprom Supply Cuts ...Middle East

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Gas Prices In Europe Jump Higher On Latest Gazprom Supply Cuts
source : OILPRICE ( Middle East ) () 10
European benchmark gas prices soared higher today after Gazprom cut the volumes of gas it transports via the Nord Stream 1 pipeline further on Wednesday, gaining 8 percent in morning trade, Bloomberg reported. Gazprom cut Nord Stream 1 volumes by 40 percent earlier this week, citing the delayed delivery of gas turbines it had sent to German Siemens for scheduled repairs. Siemens, for its part, said that it had sent the turbines to be repaired at a Canadian factory, but new anti-Russian sanctions imposed by the federal Canadian government had stalled…

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