Gazprom assessing impact of plant fire as gas prices soar

Gazprom is analyzing the market impact of a fire that broke out Thursday at one of its facilities, with natural gas prices soaring after the incident.

The fire was at a gas preparation plant in Urengoy and the Russian firm was assessing the effect on gas supplies to Russia and Europe, the Interfax state news agency reported on Friday.

Natural gas prices jumped above $540 per thousand cubic meters at trading in Europe as a better picture emerged of the scale of the incident.