Reuters reveals Nord Stream gas pipeline will stay shut indefinitely; euro falls, gas prices soar - Reuters News Agency
Energy

Reuters reveals Nord Stream gas pipeline will stay shut indefinitely; euro falls, gas prices soar

Reuters was first to report that Russia will keep the Nord Stream pipeline, which runs under the Baltic Sea to Germany, shut beyond last week’s three-day maintenance halt, stoking up fears about shortages and gas rationing in the European Union this winter. The euro fell 0.74% to the dollar in the hour after the news and was testing a two-decade low on Monday when European gas prices jumped as much as 30%.

Market Impact

The euro fell 0.74% to the dollar in the hour after the news and was testing a two-decade low on Monday when European gas prices jumped as much as 30%.



Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Russia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Nordstream
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