Gas prices in Europe soar after Germany’s decision to suspend the approval of “North Stream-2”

Gas prices in Europe rose significantly, during Tuesday’s trading, after Germany announced the suspension of ratification of the operation of the “North Stream-2” gas project.

Gas futures rose next March at the TTF Center in the Netherlands to the level of $940 per thousand cubic meters, after it was at the level of $937. Thus, prices have risen by more than 10% compared to yesterday’s close.

Earlier, Russian President Vladimir Putin confirmed that Russia intends to continue continuous supplies of gas, including liquefied natural gas, to global markets.