Natural Gas rose almost 30% after Nord Stream Shut Down
Natural gas in Europe rose almost 30% in morning trading, the first day since Russia announced it would indefinitely suspend one of its main pipelines to the EU, Nord Stream 1.
Late on Friday, Gazprom announced that there were technical problems at a compressor station on Russian territory that prevented the resumption of gas supply to Nord Stream, which was suspended on August 31 for a three-day scheduled maintenance.
The exchange price of the October) futures on the Amsterdam Stock Exchange rose to $2,855 per thousand cubic meters ($285 per megawatt hour) at the open on Monday, after closing at $2,213 on Friday, up 26 %.
...