Gas futures prices in Europe have risen over the past 24 hours, exceeding $ 1,200 per 1,000 cubic meters.
On the ICE Futures exchange, the price of November futures in the Netherlands at TTF per thousand cubic meters is $ 1,229.4.
According to the Financial Times, one of the reasons for the increase in gas prices is that Gazprom refused to supply additional volumes through Ukraine, which was aimed at increasing exports to Europe.
In an interview with the Financial Times, the CEO of the Ukrainian gas operator, GTS, Sergey Makogon, said that the rise in prices is an artificially created problem. Makogon noted that Russia's Gazprom is deliberately suspending gas supplies to Europe.
Meanwhile, the construction of the North Stream 2 gas pipeline was completed on September 10th and the inspection process began. It may take months for North Stream 2 to become fully operational.
The 1,200-kilometer pipeline will supply Russian natural gas to Germany via the Baltic Sea and bypass Ukraine.
