Thu 25 August 2022:
The Title Transfer Facility (TTF) in Amsterdam, a key natural gas trading hub, stated Thursday that a lack of natural gas has led the price of gas to continue rising.
Natural gas prices rose beyond €300 ($300) on Thursday after being constant for two days.
The morning price increased by more than 6% to about €316 per megawatt hour.
Natural gas has only been more expensive in the period immediately after the outbreak of war in Ukraine in late February, when it peaked at €345.
The recent surge in gas prices may be linked to another pre-announced interruption to Russian gas supplies to Europe through the Nord Stream 1 pipeline.
Russia said that it would stop gas supplies via the Baltic Sea pipeline for three days from August 31.
This has fuelled fears that the gas flow from Russia, which had already been severely restricted, could stop completely if deliveries were not resumed after the break.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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