European power soars on gas supply fears; German spot hits record high
August 22, 2022 Comments Off
European power spot and curve contracts surged Aug. 22 following the unexpected planned halt of Nord Stream 1 gas flows, with German spot hitting a record high. Russia’s Gazprom said late Aug. 19 that it would reduce gas supplies through the Nord Stream pipeline to Germany to zero Aug. 31-Sept. 2 for maintenance works. The announcement came too late to…
European power soars on gas supply fears; German spot hits record high
European power spot and curve contracts surged Aug. 22 following the unexpected planned halt of Nord Stream 1 gas flows, with German spot hitting a record high. Russia’s Gazprom said late Aug. 19 that it would reduce gas supplies through the Nord Stream pipeline to Germany to zero Aug. 31-Sept. 2 for maintenance works. The announcement came too late to…
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