Gas prices in Europe

Gas prices in Europe
Gas prices in Europe

The value of January futures for gas in the European trading market fell by 5.2%, $ 1,059.5 per thousand cubic meters. Data from ICE Futures confirm this.

The value of January futures for gas at the TTF hub in the Netherlands was $ 1,086.6 per thousand cubic meters at the time of the opening of the last trading day. Gas prices were volatile during the trading day. The maximum price of gas during the day reached $ 1,110 per thousand cubic meters, while the minimum price was $ 1,040. At the end of the trading day, the price of gas futures fell to $ 1,059.5.

In November, the cost of gas futures in Europe fell by $ 140 (almost 13%) compared to last month.

Gas prices in Europe have risen sharply in recent months. As early as the beginning of August, a thousand cubic meters of gas traded at $ 515 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 is that Gazprom refused to supply additional volumes through Ukraine, aimed at increasing exports to Europe.

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