Natural gas prices in the European market temporarily fell due to supply concerns after Russia's state-owned gas company Gazprom announced it would suspend natural gas supply through a major pipeline to Germany from the end of this month. Increased over 10%.
Gazprom said on the 19th that it will suspend the supply of natural gas from the Nord Stream pipeline to Germany for three days from the 31st of this month to the 2nd of next month due to the inspection of the equipment on the Russian side.
In response to this, the natural gas index price called "Dutch TTF" in the European market on the 22nd rose to about 290 euros per MWh, which is more than 10% higher than last weekend's closing price.
This is nearly seven times higher than the same period last year.
Nord Stream's supply of natural gas was halted last month for routine inspections and then resumed, but is still at about 20% of its normal capacity, suggesting the market is unlikely to be out of supply for a long period of time. There are growing concerns about
It is also pointed out that if the price of natural gas continues to rise, it may further accelerate inflation in European countries.