Surge in European Gas Prices as Russian Gas Flow via Ukraine Stops

Post Views: 512 European Gas The cessation of Russian natural gas flows through Ukraine on January 1, 2024, has triggered a significant spike in European gas prices. Consequently, the Dutch TTF, a crucial benchmark, surged by over 4%, reaching €51 per megawatt-hour. This marks its highest level since October 2023. Although prices slightly eased afterward, the halt in Russian gas deliveries induced a volatile market response. The transit deal’s expiration exacerbated pressure on the already strained European energy market.   Cold Weather Amplifies Energy Supply Concerns Furthermore, ...