Soaring natural gas prices could weaken EU economy, Saxo Bank warns ...News

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Soaring natural gas prices could weaken EU economy, Saxo Bank warns
source : Russia Today ( News ) () 20
The rise of natural gas prices could hurt the economic competitiveness of the European Union on a global scale, Ole Hansen, head of commodity strategy at Saxo Bank, told RIA Novosti. European gas prices have been hitting record highs lately due to low storage volumes and the fast-approaching winter, as well as low supplies from Russia and uncertainty about the Nord Stream 2 gas pipeline. Russia’s Gazprom said earlier it was ready to begin gas deliveries to Europe once the new pipeline obtains the required EU certification. But that process could take months due to squabbling among European countries about approving more imports from Ru

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