European natural gas prices soared in trading on the 2nd, hitting a new high. The background is that the invasion of Ukraine caused anxiety regarding Russia’s gas supply.
The price of gas futures in the Netherlands, which is a European indicator, temporarily exceeded 1 megawatt hour (MWh) = 194 euros. As of 10:00 am on the 2nd of Amsterdam time, it was up 59% to 193.57 euros, more than doubling this week.
Russia’s supply of gas to Europe has been unsuccessful so far, but governments are preparing for a situation in which the Russian government retaliates once morest sanctions and the supply stops.
Original title:European Gas Surges to Record High on Concerns Over Supply
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