Its price rose to new highs natural gas in Europe, exceeding 300 euros per megawatt-hour due to growing concerns about supplies from Russia. In particular, earlier reference futures contracts on the Amsterdam Energy Exchange were 300.50 euros per MWh.

Shortly before 14:00 Greek time, Brent was in the region of $101.57 a barrel, while US oil also moved up, reaching $95.

Already at the beginning of the year, the volume of natural gas from Russia to the Old Continent decreased by about 75%, and on August 31, flows from the Nord Stream 1 gas pipeline should be completely stopped for three days, which will increase pressure on energy prices. It is noted that the Russian “Gazprom” continues a temporary stop, citing maintenance.

It is worth noting that yesterday the German government approved two packages of measures in the context of the law on energy saving. The first 6-month package is valid from September 1, the second two-year package from October 1. However, this package requires the approval of the Federal Council before it can be implemented.