Gas futures in Europe rose by 1% in the last 24 hours. This is evidenced by the trading data of ICE Futures.
The price of gas at the TTF hub in the Netherlands was $ 1,127.5 per thousand cubic meters at the start of trading and later increased to $ 1,132.
Gas prices in Europe have risen sharply in recent months. At 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 doubled by the end of September.
European Commissioner for Jobs and Social Rights Nicolas Schmit 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.