The Latest Breaking News from Gas Prices

The euro sank to a new 20-year low on Monday and below $0.99 after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been increasingly correlated with natural gas prices in recent months, with the…

Dutch and British wholesale gas prices soared on Monday morning, reversing most of a downward trend seen the previous week, after Russian gas deliveries to Germany via the Nord Stream 1 were suspended indefinitely over the weekend. The British contract for day-ahead delivery sky-rocketed 200 pence, or 133% to 350…

Europe faces massive increases in energy bills driven by rocketing gas prices as the Ukraine conflict and European sanctions on Russia heighten concerns over gas supplies.

Chancellor Olaf Scholz says country ‘will get through this winter’ as he accuses Russia of breaking contract

Avoiding a significant gas supply emergency this winter will require the continued flow of some Russian gas to Europe

Russia kept one of its main gas supply routes to Europe shut on Saturday, stoking fears of winter fuel shortages and spotlighting differences between Gazprom and Germany's Siemens Energy over repair work on the pipeline. Already struggling to tame soaring gas prices, European governments had expected the Nord Stream 1…

As ordinary French people fret over the rising cost of living, the government is under pressure to levy a windfall tax on energy firms that have reaped the benefits of higher oil and gas prices pushed up by the war in Ukraine. While the government is divided, PM Elisabeth Borne…

A switch from outdated wholesale pricing deals will require a government that can face down vested interests

Idea would separate the cost of electricity produced by nuclear and renewable sources from generation by gas