EU gas prices ease as Nord Stream 2 curbs LNG imports

Thursday, 02 September 2021 06:14

Imminent start-up of Nord Stream 2 is bound to lower the EU’s gas price level as Russian gas costs nearly half of what buyers have to pay for LNG. Fears about possible delays of the second Baltic Sea interconnector, however, made prices at the Dutch TTF gas trading hub break through the €40/MWh mark as both Europe and Asia turn to LNG to replenish gas storage prior to next winter.  Markets editor Anja Karl has more. 

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