European gas prices spike ...News

Russia Today - Economy
European gas prices spike
source : Russia Today ( News ) () 28
Costs have soared to the highest point since March Natural gas spot prices in Europe have continued to surge, jumping 16% during Wednesday’s trading as fears of an energy crisis on the continent grow. The cost of September futures on the TTF hub in the Netherlands rose to €302 per megawatt hour, or $3,113 per thousand cubic meters, according to data from London’s Intercontinental Exchange. It is the highest price for natural gas on the European spot market since March 8. The price rally started late last week, after Gazprom announced that the only operational turbine on the Nord Stream 1 pipeline will be shut down

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