UK and European natural gas prices add to big gains over past week

UK and European gas prices surged on Wednesday, building on sharp gains over the past week, as a fresh jolt of concerns over supplies of the key fuel for power generation and heating swept the market.

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Germany paused the certification process for the politically sensitive Nord Stream 2 pipeline this week. Traders and analysts now expect that its start-up will not be approved until the second half of next year.
Germany paused the certification process for the politically sensitive Nord Stream 2 pipeline this week. Traders and analysts now expect that its start-up will not be approved until the second half of next year. (Foto: Anton Vaganov/Reuters/NTB)