Italy blames German gas delays for price spike
Italy criticized Germany for delaying gas storage filling to prioritize company privatizations, driving recent price spikes. European gas prices reached high levels while storage levels varied widely across the region.
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Italy blamed Germany on Thursday for the latest Natural Gas price spike, claiming Berlin delayed filling its storage facilities to cut costs before privatization. Benchmark European front-month contracts touched €100 ($111.50) per megawatt hour, marking the highest level since December 2022. The surge places mounting pressure on European governments and intensifies debates over market intervention.
