INSUBCONTINENT EXCLUSIVE:
Natural gas prices in Europe hit their highest level of the year this week after Ukrainian forces took control of the last remaining transit
hub for Russian gas into Europe.Prices rose for at least three consecutive days, surpassing 40 euros ($43.71) per megawatt-hour for the
on Tuesday and the reported seizure of a gas metering station in the town of Sudzha, where Russian gas flows into Europe via Ukraine.Despite
2024, would continue through Ukraine.Gazprom reported an increase in gas supplies to Europe from 37.3 million cubic meters on Thursday to
38.5 million cubic meters on Friday.Following that announcement, Dutch wholesale gas prices eased below 40 euros, and analysts predicted a
could rise further as skirmishes in Kursk continue.
