The futures price at the TTF hub in the Netherlands reached $2,308.08 per thousand cubic meters.
The price of gas in Europe on Wednesday, July 27, passed the mark of $2,500 per thousand cubic meters. Such a jump occurred against the backdrop of a reduction in supplies from Gazprom. Trading data on the London Stock Exchange ICE testifies to rising prices.
Thus, the price of gas in Europe rose sharply on Wednesday morning. The futures price at the TTF hub in the Netherlands (with deliveries in August) reached $2,308.08 per thousand cubic meters. This is the highest since March.
At the same time, the growth of prices was observed for the third consecutive day, starting from Monday. Today, Gazprom announced a reduction in supplies through Nord Stream, explaining that one of the turbines needs to be repaired.
On Wednesday morning, Gazprom stopped the operation of the declared turbine, after which the gas pipeline pumping decreased to 20% of the maximum level.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.