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European gas prices jump to record highs amid drop in deliveries from Russia



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Natural gas prices spiked in Europe on Friday after an accident at the Gazprom plant in Russia forced the company to cut its supply to European underground storage facilities.

The cost of September futures on the TTF hub in the Netherlands jumped to $546.3 per 1,000 cubic meters by 8:30am GMT, according to Intercontinental Exchange data.

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