European Natural Gas Prices Surge as Russia Closes Taps

European Natural Gas Prices Surge as Russia Closes Taps
A compressor station of the Jagal natural gas pipeline stands near Mallnow, Germany, on March 21, 2022. Sean Gallup/Getty Images
Tom Ozimek
Updated:

European natural gas prices rose on June 20, building on last week’s sharp rally as Russia’s supply cuts drove concerns about critical shortages and rationing.

The European benchmark for natural gas, the Dutch TTF front-month gas futures contracts, rose about 4.2 percent to 122.7 euros ($129.30) per megawatt-hour as of 7:26 p.m. on June 20 in Amsterdam, ICE data show.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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