(Montel) European gas prices jumped EUR 17 on Tuesday amid news of leaks discovered on the Russian-owned Nord Stream 1 pipeline, dashing hopes of a restart ahead of winter.
The benchmark Dutch TTF front-month contract was last seen up EUR 16.97 at EUR 190.80/MWh on Ice Endex, while the equivalent on the UK’s NBP was 14.22p higher at 255p/th on Ice Futures.
All hope for the restoration of flows via Nord Stream 1 were gone, said a trader, in light of the leaks identified by the Swedish Maritime Authority, with the pipeline linking Russia and…
