FILE PHOTO. A view of the Vankor oil and gas field from a helicopter, Krasnoyarsk Territory. © Sputnik / Ramil Sitdikov
OilPrice.com: European Gas Prices Hit Record High
Benchmark natural gas prices in Europe set a new record today reaching $1,200 per 1,000 cu m, or over $100 per MWh.
TASS reports that one of the reasons for the latest jump in prices could be a new decline in flows along the Yamal-Europe gas pipeline from Russia.
According to the report, the flow of gas dropped threefold this morning but later accelerated, averaging 500,000 cu m per day, even though it remained much lower than the rate gas flowed on Thursday, which was 2.2 million cu m per day.
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WNU Editor: If Europe faces a very cold winter, these prices will be viewed as cheap.
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