European Natural Gas Prices At An All-Time High

USA World

FILE PHOTO. A view of the Vankor oil and gas field from a helicopter, Krasnoyarsk Territory. © Sputnik / Ramil Sitdikov 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. 

More News On European Natural Gas Prices At An All-Time High   

Gas prices in Europe set historical record reaching 100 euro per 1 MWh — TASS

European gas prices hit all-time highs as Russian flows slump — Reuters

Natural Gas Prices Hit Record Highs In Europe, Amid Drop In Russian Supplies — RFE