Gas prices in Europe are rising again after lowering sessions

Gas prices in European markets today returned to growth after sessions of decline, as the damage to the Nord Stream gas pipeline cast a shadow on the supply of blue fuel from Russia.

And gas prices in European markets jumped at today’s auction by more than 12%, amounting to more than 1,900 dollars per thousand cubic meters. According to the data, futures contracts rose by 12.2% to $1936.5 per thousand cubic meters.

Yesterday, on Monday, it was announced that the pressure was reduced in 3 pipes of Nord Stream 1 and 2 due to pipe problems, and today the Kremlin did not rule out that the problems were the result of sabotage.

The incident increased pressure on the European gas market, as pipeline operator Nord Stream AG said the damage was unprecedented and it is difficult to say when it will be technically possible to resume gas flow through Nord Stream 1. “From a technical point of view.

And this is despite the fact that the supply of blue fuel through Nord Stream 1 (a pipeline from Russia to Germany along the bottom of the Baltic Sea) has been suspended for about a month.

Source: RT+Prime

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