Gas prices in Europe soar amid news from Russia’s Kursk region

Gas prices in Europe soar amid news from Russia’s Kursk region
# 09 August 2024 18:31 (UTC +04:00)

Gas prices in Europe have soared to their highest level this year following reports that Ukrainian forces have allegedly seized a key gas transit point in Russia's Kursk region, APA reports citing RBC-Ukraine.

Benchmark futures surged 4.8% to €38.45 a megawatt-hour, the highest level since December.

Bloomberg cites a report by the Russian military blog Rybar suggesting that Ukrainian troops had taken control of a gas intake point near the city of Sudzha. "The claim couldn’t be independently verified", Bloomberg noted

Russia’s state-controlled Gazprom PJSC declined to comment, as did the Ministry of Defense of Ukraine and the General Staff of the Armed Forces of Ukraine.

The Sudzha station is part of the sole pipeline through which Russian gas flows to Europe via Ukraine.

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