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European Gas Prices Hit Escape Velocity After Russian Gas Supplies Plunge by 57% Overnight

September 28, 2021

Not much to add today that we didn’t already cover overnight in “All Hell Is Breaking Loose In Energy Markets” suffice to note that European gas prices (Dutch TTF and UK NBP) are up another 12% today to new all time highs…

… and while all the dynamics we listed yesterday are all still applicable, we can add one more: a sudden drop off in Russian nat gas deliveries via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany…

… which shrank lumped by 57% to the lowest level since Sept 6, just as a panicking Europe is scrambling for every BCF.

Continue Reading at ZeroHedge.com…

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