Spot natural gas prices increased in their recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report by 1.32%. Natural Gas rose in trading on Friday by 7.19%, during the past week the price rose by 18.00% .
Global markets focus this week on the resumption of Russian gas flows to Europe via the Nord Stream 1 pipeline, whose maintenance is scheduled to end on July 21. Governments, markets and businesses fear the possibility of an extension of the lockdown due to the war in Ukraine. A loss of this gas would damage Germany, the world’s fourth largest economy, and increase the risk of a recession.