Published 2 years ago

Gas prices soar 26% after Russia keeps key pipeline closed

Summary by Ground News

Gas prices have soared on concerns over energy supplies after Russia announced it would not reopen its main gas pipeline to Europe. The Dutch month ahead wholesale gas price, a benchmark for Europe, was up as much as 26% on Monday, before falling back slightly. Gazprom scrapped plans to restart pumping limited volumes on Saturday after a maintenance shutdown, blaming a turbine leak. The decision - which European governments say is retaliation for Western sanctions over Russia's war in Ukraine - was inevitably reflected when markets opened for business on Monday morning.

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Times of India

Kremlin: Europe is to blame for Nord Stream 1 shutdown

Europe News: The Kremlin on Monday said that Western sanctions were to blame for a complete shutdown of the Nord Stream 1 gas pipeline between Russia and Germany.

2 years ago·India

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BBC News

Russia blames sanctions for gas pipeline shutdown

Gas prices have soared after Russia said it would not reopen a major gas pipeline to Europe.

2 years ago·United Kingdom

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The Guardian

Gas prices soar and pound and euro fall as Russia shuts Nord Stream pipeline

European countries scramble to store as much gas as possible before winter as they brace for shortages

2 years ago·London, United Kingdom

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The Independent

Gas prices set to soar again after Russia shuts off Nord Stream supply pipeline

1,200 km gas link was due to reopen on Saturday

2 years ago·London, United Kingdom

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Reuters

Russia blames Europe for gas crisis, warns West of oil retaliation

The Kremlin on Monday blamed the West for triggering the worst European gas supply crisis ever and warned the Group of Seven advanced economies that Moscow would retaliate over its plan to impose a price cap on Russian oil.

2 years ago·United Kingdom

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The Star Kuala Lumpur

Kremlin: Europe is to blame for Nord Stream 1 shutdown

(Reuters) - The Kremlin on Monday said that Western sanctions were to blame for a complete shutdown of the Nord Stream 1 gas pipeline between Russia and Germany. Read full story

2 years ago·Malaysia

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