(Bloomberg) -- Europe’s natural gas futures jumped after a leak was discovered on a pipeline in the Baltic region, sparking concerns about security of...
-- Europe’s natural gas futures jumped after a leak was discovered on a pipeline in the Baltic region, sparking concerns about security of infrastructure as the winter approaches.The benchmark contracted surged as much as 8.6% to trade above €40 a megawatt-hour on Monday. A suspected leak was detected overnight on Sunday in an undersea pipeline connecting the Finnish and Estonian grids, which its operators closed while investigating the issue.
While the Baltic market is relatively small, the pipeline affected by the leak connects the new floating import terminal for liquefied natural gas in Finland with Estonia. The Baltic region heavily depends on LNG after cutting Russian pipeline gas purchases. 'This is Israel's 9/11': Why Israelis say Hamas' unprecedented assault will change their country forever
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