Natural gas futures prices temporarily plunged in European markets on concerns that Russian government-owned gas company Gazprom could suspend supply of natural gas to Germany through major pipelines for an extended period from the end of this month. More than 15%, the price has risen, and it is also soaring in the New York market.
"Gazprom" announced on the 19th of this month that it will suspend the supply of natural gas from the "Nord Stream" natural gas 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. I made it
In the European market, natural gas prices are soaring due to concerns that supply will be cut off for a long time, and the futures price called "Dutch TTF", which is used as a benchmark, was temporarily higher than the previous day's closing price on the 24th by more than 15%. Prices have risen to €300 per MWh.
In the New York natural gas market, the futures price per 1 million BTU, which is an index, temporarily surpassed the $10 mark on the 23rd for the first time in about 14 years, and has soared recently.
It has been pointed out that if natural gas prices continue to rise in the European and US markets, it could spur record inflation that has plagued the global economy.