This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/business/533422-gas-prices-europe-surge/

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Gas prices in Europe surge past $590 for 1,000 cubic meters Gas prices in Europe surge past $590 for 1,000 cubic meters
(about 2 months later)
The price of gas in Europe on Monday crossed the $590 mark per 1,000 cubic meters, according to data from the London Stock Exchange ICE.The price of gas in Europe on Monday crossed the $590 mark per 1,000 cubic meters, according to data from the London Stock Exchange ICE.
The price tag for the October futures contract on the TTF hub in the Netherlands reached $592 in morning trading.The price tag for the October futures contract on the TTF hub in the Netherlands reached $592 in morning trading.
It later lost some of the gains, but still traded above the peak price of $580 reached last week.It later lost some of the gains, but still traded above the peak price of $580 reached last week.
After initially hitting record highs, gas prices last week fell by nearly $100 per 1,000 cubic meters over false reports on the alleged launching of gas deliveries via Russia’s Nord Stream 2 pipeline and over Gazprom’s later statements about possibly supplying 5.6 billion cubic meters of gas via Nord Stream 2 in 2021.After initially hitting record highs, gas prices last week fell by nearly $100 per 1,000 cubic meters over false reports on the alleged launching of gas deliveries via Russia’s Nord Stream 2 pipeline and over Gazprom’s later statements about possibly supplying 5.6 billion cubic meters of gas via Nord Stream 2 in 2021.
The controversial pipeline, which runs between Russia and Germany along the bottom of the Baltic Sea, was built to deliver up to 55 billion cubic meters of natural gas per year from Russia’s Siberian gas fields to Europe. Last week, Russian President Vladimir Putin said there are only 15 kilometers of the pipeline remaining to be set up, with experts stating the pipeline will be able to start gas deliveries by year-end.The controversial pipeline, which runs between Russia and Germany along the bottom of the Baltic Sea, was built to deliver up to 55 billion cubic meters of natural gas per year from Russia’s Siberian gas fields to Europe. Last week, Russian President Vladimir Putin said there are only 15 kilometers of the pipeline remaining to be set up, with experts stating the pipeline will be able to start gas deliveries by year-end.
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section
Dear readers and commenters,
We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.
Sorry for the inconvenience, and looking forward to your future comments,
RT Team.