Gas prices in Europe rose significantly, during Tuesday’s trading, after Germany announced the suspension of ratification of the operation of the “North Stream-2” gas project.
Gas futures rose next March at the TTF Center in the Netherlands to the level of $940 per thousand cubic meters, after it was at the level of $937. Thus, prices have risen by more than 10% compared to yesterday’s close.
Earlier, Russian President Vladimir Putin confirmed that Russia intends to continue continuous supplies of gas, including liquefied natural gas, to global markets.
Russian President Vladimir Putin confirmed, today, Tuesday, that Russia intends to continue continuous supplies of gas, including liquefied natural gas, to global markets.
The Russian President also indicated, in a message addressed to participants in the sixth summit of the Gas Exporting Countries Forum, that the expansion of the use of natural gas as one of the most environmentally friendly types of fuel has become very popular during the period of energy development.
“At this stage, the expansion of the use of natural gas, as one of the most environmentally friendly fuels, has become very popular. Russia intends to continue the continuous supply of these raw materials, including liquefied natural gas, to world markets,” the Russian president said.
Gas markets in Europe are under pressure, with declining stocks and high demand for blue fuel, which pushed gas prices to record levels.