Natural Gas Prices Continue Climbing After Ukraine Invasion, Nord Stream 2 Cancellation

Natural Gas Prices Continue Climbing After Ukraine Invasion, Nord Stream 2 Cancellation
People stand around a damaged structure said to have been caused by a rocket in Kyiv, Ukraine, on Feb. 24, 2022. Chris McGrath/Getty Images
Nathan Worcester
Updated:

Natural gas prices, already climbing over the past year, rose further in the wake of Russia’s invasion of Ukraine, a move that came after Germany halted certification of the Nord Stream 2 pipeline when Russia recognized the breakaway Luhansk People’s Republic and Donetsk People’s Republic.

Dutch natural gas futures surged by 51.87 percent, per Investing.com. In the United States, Henry Hub natural gas spot prices were up by a more modest 5.1 percent as of 10:50 a.m. Eastern time on Feb. 24, according to Business Insider.
Nathan Worcester
Nathan Worcester
Author
Nathan Worcester is an award-winning journalist for The Epoch Times based in Washington, D.C. He frequently covers Capitol Hill, elections, and the ideas that shape our times. He has also written about energy and the environment. Nathan can be reached at [email protected]
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