Nord Stream dispute drive up energy prices in Europe

Nord Stream 2 construction

The price for gas for delivery in a month briefly climbed to just under 120 euros per kilowatt hour on Tuesday at the Rotterdam trading center.

(Photo: imago images / ITAR-TASS)

Zurich, Düsseldorf Sometimes just a few words are enough to cause chaos in the markets – German Foreign Minister Annalena Baerbock (Greens) has to experience this these days: At the weekend, she said on ZDF that she currently saw no possibility of approving the Nord Stream 2 gas pipeline . Since then, the prices for natural gas in Europe have never stopped. The price for gas for delivery in a month briefly climbed to over 122 euros per kilowatt hour on Tuesday at the Rotterdam trading center.

The European gas price rose again to the record level of mid-October, when numerous industrial companies had to cut their production due to high energy prices and the first gas suppliers on the European continent filed for bankruptcy.

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