In Europe, gas prices regulated slightly during the last trading day and fell below $ 840. Data from ICE Futures evidence this.
The price of gas futures for December fell by 11.6% to $ 838.4 per thousand cubic meters at the end of the trading day at the TTF hub in the Netherlands.
Gas prices in Europe have risen sharply in recent months. As early as the beginning of August, a thousand cubic meters of gas was traded at $ 515 per thousand cubic meters at the TTF hub in the Netherlands, a figure that doubled by the end of September.
According to the Financial Times, one of the reasons for the increase in gas prices was the fact that Gazprom refused to supply additional volumes through Ukraine, which was aimed at increasing exports to Europe.
According to Russian President Vladimir Putin, Gazprom will fulfill its contractual obligations to European consumers and create a more favorable situation for the European energy market.
According to Putin's decree, Europe should receive the increased amount of gas from November 8, although the reservoirs have not been filled yet. Nevertheless, Russian media reports that Gazprom's depots have been mobilized and are supplying gas to European countries.