Home / Market Update / Commodities / Europe’s crisis worsens on halting Russian gas

Europe’s crisis worsens on halting Russian gas

Natural gas prices jumped up nearly 20% as Russia gets ready to shut down vital pipeline again. News of another expected shutdown for the crucial Nord Stream 1 natural gas pipeline sent the region’s prices soaring to start the week.

September Title Transfer Facility (TTF) natural-gas futures in the Netherlands jumped 19% to 295.50 euros per megawatt hour (MWh) on Monday. That is from just 26 euros a year ago. UK natural gas futures climbed 21% to 560 pence a therm, from only 23 pence a year ago.

Check Also

Gold Surges to $3,392 as Tariffs and Jobless Data Fuel Stagflation Fears

Gold prices rallied sharply on August 7, 2025, climbing 0.68% to $3,392.31 per troy ounce, …