The price of natural gas in Europe on Tuesday rose to $1,400 per 1,000 cubic meters after Germany said Russia’s Nord Stream 2 pipeline could not be greenlighted for launch, citing rising tensions on the Ukrainian border.
The price of January futures on the TTF hub in the Netherlands rose 5.5% to $1,428 per 1,000 cubic meters at 7:04am GMT, or $138 per megawatt-hour in household terms, according to data from the Intercontinental Exchange.
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