According to the ICE exchange, the price of November TTF futures rose by more than 10%, to $475.38 per thousand cubic meters. The price increase occurred after it was reported that Balticconnector was shut down due to a possible leak.
The head of the Finnish operator Gasgrid said that the restoration of the gas pipeline is expected no earlier than the end of winter, Bloomberg reported. In the meantime, the price of gas could be affected by rising oil prices due to the conflict between Israel and Hamas. Because part of Israeli gas goes to the EU through Egypt.
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