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Gas prices approach record highs after Russia halts Nord Stream indefinitely

10:56

Gas prices approach record highs after Russia halts Nord Stream indefinitely
Source: Pixabay

European gas prices jumped by 35% approaching a historic record after Russia said Nord Stream 1 would stay shut indefinitely. ICE Dutch TTF Natural Gas Futures hovered around 275 euros per MWh.

Russia initially suspended Nord Stream 1 between August 31 and September 3, but later said the pipeline will remain shut.

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