Gas price soars on supply fears

Gazprom has announced that it will shut down the critical Nord Stream natural gas pipeline for three days of maintenance at the end of August, pushing Europe’s benchmark gas price to a record high


Nord Stream
Greifswald 
GERMANY

2014: Russia annexes Crimea

Dec 21: €178.35

RUSSIA
Vyborg 
Moscow
Occupied Ukraine
Kyiv
UKRAINE
Black Sea
400km 250 miles


Natural gas Dutch TTF (MWh)

Aug 23, 2021: €40.19

Oct 5: €120.57

Feb 21: €69.49 

Feb 24: Price soars to €134.81 following Russian invasion of Ukraine

Mar 7: €226.08

Jun 7: €77.87
 
Jul 20
€152.39

Aug 22, 2022: Price hits 300 €281.50 per megawatt hour – rise of 600% year-on-year

250
200
150 
100 
50

2021 		2022
Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug


Sources: Bloomberg, Trading Economics 
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