European gas prices continue to rise

Gas prices in Europe continued to rise in daytime trading on Monday, approaching $1,800 per 1,000 cubic meters of blue fuel.

Trading showed that natural gas futures jumped 6.6% to $1,800/mcm in the afternoon after trading at $1,700/mcm at the start of trading today.

The upsurge came after Russia’s Gazprom said it had received documents from Siemens regarding the return of the Nord Stream 1 turbine after it had been repaired from Canada, and indicated that the documents raised additional questions. .

Gazprom received documents from the Canadian authorities from Siemens and studied these documents, but was forced to state that they do not remove the previously identified risks and raise additional questions,” the company said in a statement. This means that there may be a delay in bringing the line to the required power.

Source: Prime

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