Price of Gas on the Spot Market in Europe rose to 261 Euros per megawatt hour

The price of gas on the spot market in Europe rose to 261 euros per megawatt hour after Gazprom announced that it would temporarily stop the supply of blue fuel through the Nord Stream 1 pipeline.

Last night, Gazprom announced that the only working compressor unit at the initial compressor station of the Nord Stream gas pipeline - the Portovaya compressor station - will be shut down from August 31 to September 2 for three days for maintenance and preventive upkeep.

This puts a number of European countries, but most of all Germany, to the test, after Gazprom pumped only 20 percent of the declared quantities of gas.

...