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The Commodities Feed: European gas security concern grows
European gas prices rallied yesterday as sabotage is suspected to be behind a pipeline leak. The incident raises concern over the vulnerability of European pipeline infrastructure. Energy - European energy security concern grows The European gas market saw significant strength yesterday. TTF rallied more than 12.5% coming close to EUR50/MWh - a level last seen back in April. The catalyst for the move was the Finnish government announcing that it is treating a leak detected along the Balticconnector gas pipeline over the weekend as a deliberate act of sabotage. The pipeline has an annual capacity of around 2.6 bcm and ... (full story)