Gas exchange prices in Europe rose 14% on news of a leak in the Balticconnector gas pipeline between Finland and Estonia. This is evidenced by trading data on the ICE exchange.
According to the London ICE exchange, the price of gas according to the TTF index on Tuesday rose from $ 487 to $ 547 per thousand cubic meters since the opening of trading. Earlier, Finnish media reported that the Finnish government held an emergency press conference regarding the incident at the Balticconnector. On Sunday, operator Gasgrid Finland noted a drop in pressure in the pipe, possibly due to damage.
The approximately 80 km long Balticconnector subsea gas pipeline connects the gas transmission networks of Finland and Estonia. It was released in December 2019.
On the eve of gas prices in Europe exceeded $480 despite blockage of Finnish pipeline. During the day, gas prices for delivery in November increased by 12%. Towards the end of the day, it fell to $477 per cubic meter.
happened before knownAbout the increase in Russian gas supplies to the EU.