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European gas prices soar ...News
The complete shutdown of a key Russian pipeline sends prices surging by almost a third Natural gas spot prices in Europe jumped 30% on Monday after supplies via Russia’s Nord Stream 1 pipeline failed to resume due to sanctions-related maintenance issues. October gas futures on the TTF hub in the Netherlands rose to nearly $2,900 per thousand cubic meters, up from $2,213 at Friday’s close. Russian energy giant Gazprom said that Nord Stream 1, a key gas route from Russia to the EU, would remain shut indefinitely after a scheduled three-day maintenance break that began on August 31 uncovered problems. According to th
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