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.
Tags energy crisis Europe Natural Gas Nord Stream 1 russian gas
Check Also
U.S. Dollar Rebounds as Euro Weakens Following Lagarde’s Dovish Tone
The U.S. dollar strengthened on Monday, recovering from sharp losses late last week. Signs of …