European natural gas prices have surged nearly 18% after a pipeline capacity auction showed no increase in volume from Russia. The European continent acquires more than a third of its gas supply from Gazprom, but a long winter has drained the storage facilities from both Russia and the European Union. An article published by Seeking Alpha highlights the growing gas shortage faced overseas.

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European Gas Prices Rise

European natural gas prices have surged nearly 18% after a pipeline capacity auction showed no increase in volume from Russia. The