The leaks in the Nord Stream 1 and 2 gas pipelines caused by an attack have once again pushed up the European gas price massively – the price of natural gas shot up to 207 euros per megawatt hour. That was about 19 percent more than the day before. In early trading on Tuesday, the price was still 179.5 euros. The operating company Nord Stream described the damage as “unprecedented” and was unable to specify when operations could be possible again.
At the end of August, Russia stopped deliveries via Nord Stream 1 for allegedly technical reasons. Critics accuse Russia of intentionally cutting off supplies and using natural gas as a political weapon. Nord Stream 2 did not go into operation because of the Ukraine war. The already uncertain prospects for Europe’s winter gas supply are now becoming even more uncertain given the leaks at Nord Stream.