Gas price in Europe

Gas price in Europe
Gas price in Europe

The price of November futures for gas in Europe fell by 6% due to yesterday's trading. This is evidenced by the trading data of ICE Futures.

The price of November gas futures at the opening of trading of the Dutch TTF was $ 1,130 per thousand cubic meters, and by the end, it was down by 6% to $ 1,053.1 per 1,000 cubic meters.

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.

EU Commissioner for Labor and Social Rights Nicholas Schmidt said that millions of people might be impoverished due to an extremely high gas and electricity prices in Europe.

European countries began extracting natural gas from underground reservoirs last week.

Before the winter season, stocks reached a record low of 77.13% for the first time.

According to the Financial Times, one of the reasons for the increase in gas prices is the fact that Gazprom refused to supply additional volumes through Ukraine, which was aimed at increasing exports to Europe.

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