Gas prices in Europe have risen sharply amid a decision by the German regulator to suspend Nord Stream 2 certification. The price of gas reached $1.046 per thousand cubic meters for the first time since October 26, the trading data on ICE Futures shows.
It should be noted that the price of gas is rising for the second day in a row after Gazprom refused to book the Yamal-Europe gas pipeline in December.
On November 16 afternoon, the price of the nearest (December) TTF futures on the ICE Futures exchange reached 88.9 euros per MWh, i.e. $1.046 per thousand cubic meters.
Gas has risen in price after the news that the German regulator has decided to suspend the certification procedure of the Nord Stream 2 gas pipeline.
The report states that in order to renew the certification, the Nord Stream 2 operator must have an organizational form in accordance with the laws of Germany.