Energy crunch pushing European gas prices higher ...News

Russia Today - Economy
Energy crunch pushing European gas prices higher
source : Russia Today ( News ) () 12
A strike in Norway is adding to the Russian supply crisis Natural gas prices in Europe rose to the highest level in almost four months on Tuesday as the continent’s energy crisis intensifies. Benchmark futures tied to TTF, the European wholesale gas price, jumped 8% to over $1,800 per thousand cubic meters or €175 per megawatt hour in household terms. That is the highest level since the beginning of March and five times more than it was this time last year.  The prices jumped as oil and gas workers in Norway, Europe’s second-biggest supplier after Russia, went on strike over pay. According to Reuters, the industri

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