LAST UPDATE 16:50 Natural gas prices extended their gains in Europe as fears of a prolonged supply disruption through critical pipelines resurfaced. In particular, the September contract on the Amsterdam Trading Hub (TTF), the European benchmark, jumps 18.7% with the price at 290.46 euros per megawatt hour, moving upwards for a fifth consecutive week. At […]
Tag: natural gas
Gas prices are soaring, oil is falling
Natural gas prices extended gains in European trading as fears returned of a prolonged supply disruption through a major pipeline, putting an already troubled economy at risk. The Dutch contract, which is the European benchmark, rose to 275.97 euros per megawatt hour, strengthening for the fifth week in a row. Futures rose 13% after closing […]
Natural gas exceeded 290 euros, oil remained unchanged
LAST UPDATE 14:40 Natural gas prices extended their gains in Europe as fears of a prolonged supply disruption through critical pipelines resurfaced. In particular, the September contract on the Amsterdam Trading Hub (TTF), the European benchmark, jumps 18.7% with the price at 290.46 euros per megawatt hour, moving upwards for a fifth consecutive week. At […]
Natural gas exceeded 290 euros – Oil plunged by 3%
LAST UPDATE 16:50 Natural gas prices extended their gains in Europe as fears of a prolonged supply disruption through critical pipelines resurfaced. In particular, the September contract on the Amsterdam Trading Hub (TTF), the European benchmark, jumps 18.7% with the price at 290.46 euros per megawatt hour, moving upwards for a fifth consecutive week. At […]
Natural gas exceeded 290 euros
LAST UPDATE 16:50 Natural gas prices extended their gains in Europe as fears of a prolonged supply disruption through critical pipelines resurfaced. In particular, the September contract on the Amsterdam Trading Hub (TTF), the European benchmark, jumps 18.7% with the price at 290.46 euros per megawatt hour, moving upwards for a fifth consecutive week. At […]
Ukraine is offering pipelines as a replacement for Gazprom’s impending shutdown
From August 31, natural gas will once again stop flowing through the Nord Stream 1 pipeline, supposedly due to maintenance work, Russian state-owned company Gazprom announced, Welt reports. Due to the imminent interruption of the supply of Russian natural gas through the Baltic Sea, Ukraine is offering its pipelines as a substitute. “The capabilities of […]
Germany-IW Study: Much of natural gas consumption is tax-advantaged
Germany’s industrial gas consumers have benefited to date from extensive tax concessions. This is what economists from the Cologne Institute for German Economics (IW) report in their recent paper. The companies in question received benefits for 447 terawatt hours last year, amounting to 2.1 billion euros, in the form of tax credits and subsidies. According […]
New record for European natural gas – At 244.55 euros per megawatt hour
European natural gas closed at a new record for a second day, putting further pressure on industries and households and raising fears of a recession, according to Bloomberg. Prices got a boost after Russia’s GAZPROM announced it would suspends natural gas supplies through Nord Stream 1 due to maintenance work from August 31 to September […]
Gazprom: Nord Stream 1 will be closed for three days at the end of August ‘due to maintenance’
LAST UPDATE: 19.44 The Nord Stream 1 pipeline, which carries natural gas from Russia to Europe, will be shut down from August 31 to September 2 for maintenance work, Russian energy giant Gazprom announced on Friday, according to Russian news agency Ria Novosti. After the maintenance work is completed, flows of 33 million cubic meters […]
Another jump in electricity prices in September – Up to 90% of the increase will be subsidized
Nominal electricity prices are expected to rise sharply in September, with the government seeking to absorb the bulk of the jump by keeping bills at August levels. In particular, information from the market estimates that the initial price of the kilowatt hour may escalate in September even up to 80 minutes, while in August it […]
