European gas costs soar as Nord Stream shutdown looms

Aug 22nd 2022 5:30am EDT

Spot prices exceeded $2,900 per thousand cubic meters for the first time since March 8 Natural gas prices in Europe jumped 10% on Monday following last week’s announcement from Russian energy giant Gazprom about an upcoming three-day shutdown of the Nord Stream 1 pipeline for maintenance. The cost of September futures on the TTF hub […]

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