Natural gas prices in Europe soar on pipeline setback

Published by
Reuters

By Vladimir Soldatkin and Susanna Twidale MOSCOW/LONDON (Reuters) – The price of natural gas surged again in Europe on Wednesday after a delay in the approval process for a major new pipeline from Russia exacerbated worries about whether the continent will have enough gas this winter. Germany’s energy regulator suspended the process on Tuesday for bringing the Nord Stream 2 pipeline online, dimming hopes that it will provide any significant gas supplies in the coming months and sending jitters through energy markets. The price of gas next month in the Netherlands, which is considered to be a b…

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