The rise in the price of natural gas in Europe for the second day

The prices of natural gas futures contracts continued to rise in European trading today (Wednesday), for the second day in a row, while traders are awaiting the position of pumping Russian natural gas through the Nord Stream 1 pipeline after the end of its annual maintenance work next week, according to the agency. German news.

And “Bloomberg” news agency indicated that Nord Stream 1, which transports gas from Russia to Germany, has been out of work since yesterday (Monday) for 10 days due to periodic maintenance, but there are fears that it will not be fully operational after the end of maintenance work, due to the political conflict. And economic relations between Russia and Western countries against the background of the Russian invasion of Ukraine.

During the days prior to the start of maintenance, the line was operating at about 40 percent of its operating capacity.

In Amsterdam, the price of Dutch gas, which is the standard gas for the European market, rose by 8.0 percent to 174 euros per megawatt-hour for delivery next month in today’s trading until approximately eight thirty in the morning.

Yesterday (Tuesday), the price rose by 9.4 percent, having almost doubled over the past month.