On the Dutch futures market – the benchmark in Europe – the gas price rose by more than 6 percent on Wednesday to 137 euros for a megawatt hour. Since Moscow cut the supply of Russian gas through a major gas pipeline by 60 percent, the gas price has risen from about 80 euros to more than 130 euros per megawatt hour.
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Countries in the European Union are busy replenishing gas supplies. That drives prices up. The supply of LNG or liquefied natural gas is also under pressure. Lng is in high demand from Asia, which is experiencing a heat wave
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