Gas prices in Europe fell by 2.8% to $ 865.7 per 1,000 cubic meters.
The value of the October futures contract in the Netherlands started trading at TTF per thousand cubic meters at 871.2 USD and increased to $ 875.6, though it soon began to decline to $ 865.7.
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. Russian energy company Gazprom plans to launch the North Stream 2 gas pipeline next month.
The 1,200-kilometer pipeline will supply Russian natural gas to Germany via the Baltic Sea and bypass Ukraine.
