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European natural gas prices top 300 euros

Norway earns record oil, gas revenue after Ukraine war
Source: Pixabay

European natural gas prices jumped back above 300 euros per megawatt-hour Wednesday, the highest level since it struck a record in March shortly after Russia invaded Ukraine.

At 1550 GMT the Dutch TTF one-month forward contract for natural gas was at 300.165 euros per megawatt hour, a daily increase of 11 percent. The price has risen sharply in recent days as a three-day halt in Russian gas deliveries to Germany via the Nord Stream 1 pipeline approaches.

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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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