European gas prices surged dramatically on the first trading day of 2025! Discover the key factors driving this spike: the cessation of Russian gas deliveries, a critical outage at Norway's Hammerfest LNG plant, and freezing temperatures gripping northern Europe. Despite reassurances from the European Commission about the security of gas supplies, the market remains on edge due to heavy reliance on alternative routes and storage withdrawals. Dive deep into the implications of these events and what they mean for Europe's energy market.
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00:00:00 European Gas Prices Surge Amid Supply Disruptions
