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Title : Natural Gas Prices In Europe Soar After Delay In The Approval For A Major New Pipeline From Russia
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Natural Gas Prices In Europe Soar After Delay In The Approval For A Major New Pipeline From Russia

 

Reuters: Price of European gas surges as Russia pipeline suffers setbacks 

MOSCOW/LONDON (Reuters) - European gas prices surged again on Wednesday after a delay in the approval process for a major new pipeline from Russia, which German government sources said might not now be commissioned until March next year. 

 Germany's energy regulator suspended the process for getting the Nord Stream 2 pipeline up and running on Tuesday, dimming hopes that it will provide any significant gas supplies to Europe in the crucial winter months. 

Delays in the approval process have raised fears that Europe, which gets a third of its gas from Russia, could face power outages due to low supplies.  

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WNU Editor: According to reports. The approval for this pipeline will happen around March, 2022.

 People are suffering, but the bureaucrats and their political masters have other priorities. 

 More News On Soaring Natural Gas Prices In Europe  

Gas prices jump 17% in a day as two more energy firms collapse and consumers are warned to brace for bills soaring by £475-a-year amid new fears about European supplies -- Daily Mail 

European Gas Price Jumps 8.1% to One-Month High After New Pipeline Delay -- Bloomberg  

Gas prices soar as Germany halts Nord Stream 2 approval -- IBTimes  

European gas prices surge as Russian pipeline suffers setbacks -- RTE Gas prices in Europe soar past $1000 -- RT

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