Baku 23° C
Gas prices in Europe reach peak after fire at Gazprom's plant
Energy
- 06 August, 2021
- 11:20
Add Report.az to preferred Google sources
Stay up to date with the top news!
According to trading data, gas prices in Europe set a new record, surging to over $540 per 1,000 cubic meters after fire at Russian gas giant Gazprom's plant in the Yamalo-Nenets autonomous region.
As of 08:30 GMT, the TTF index September gas futures price reached a maximum of Friday's trading session at $546.3 per 1,000 cubic meters.
On the night into Thursday, the building of the Gazprom's plant where condensate was prepared for transportation caught fire, which was extinguished by Friday morning.
Because of the fire, the volume of gas pumped through the Yamal-Europe pipeline was down by half. Gazprom shares are 1% down.
Author
Latest News
16:09
ING: Azerbaijan's public debt to be less than 21% of GDP in 2026
Finance
16:05
Orkhan Mammadov: Expanding SME role in public procurement among key goals
Business
15:59
ING: Central Bank of Azerbaijan's forex reserves to reach $18.6B by 2026
Finance
15:56
ING: Non-oil sector to remain primary engine of Azerbaijan's economy in 2026–2028
Finance
15:54
ING: Azerbaijan's foreign trade surplus to exceed $11B in 2026
Finance
15:54
Photo
Azerbaijan, China explore solar and offshore wind energy projects
Energy
15:52
ING lowers inflation forecast for Azerbaijan for 2027
Finance
15:51
ING: Azerbaijan remains most resilient sovereign borrower in Caucasus, Central Asia region
Finance
15:47
Photo
Azerbaijan, World Bank discuss AZURE project
Energy