Gas prices rising in Europe

Gas prices rising in Europe
Gas prices rising in Europe

Gas prices in Europe rose by 17.5% during the last trading day and exceeded $ 950 per thousand cubic meters. This is evidenced by data from ICE Futures.

At the end of the day, the price of December futures for gas at the TTF hub in the Netherlands rose to $ 952.5. And, the maximum trading peak during the trading day reached 960 USD.

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.

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

According to Russian President Vladimir Putin, Gazprom will fulfill its contractual obligations to European consumers and create a more favorable situation for the European energy market.

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