July 18, 2024



EU Gas Prices Soar On NS2 Delays, Sudden Belarus Pipeline Closure

Zero Hedge

By Tyler Durden – November 17, 2021

European natural gas prices continue to soar after Nord Stream 2 pipeline delays were seen earlier this week, and now a major crude pipeline from Russia into Europe has temporarily halted flows due to “unscheduled repairs.” 

The newest market generated information pushing up European natgas prices to the highest levels in a month is due to a Belarus portion of the Druzhba oil pipeline system carrying Urals crude from Russia to Europe has temporarily halted flows to address “unscheduled repairs,” the Russian energy export giant Transneft wrote in a statement. 

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