European gas prices shoot to new high as energy crunch worsens

European gas prices have surged to new record highs as flows from a key Russian pipeline stopped, spooking buyers that have been scrambling to secure supplies during a deepening energy crunch.

Some traders fear that a possible Russian invasion of Ukraine, which hosts one of the other main pipelines into western Europe, could disrupt supplies even further over the winter.
Some traders fear that a possible Russian invasion of Ukraine, which hosts one of the other main pipelines into western Europe, could disrupt supplies even further over the winter.Foto: Andrey Rudakov/Bloomberg
Publisert 23. December 2021, kl. 15.00Oppdatert 23. December 2021, kl. 15.00