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Price of gas increases by 3.5% in one day in Europe

Price of gas increases by 3.5% in one day in Europe
Price of gas increases by 3.5% in one day in Europe

Gas in Europe rose 3.5% at the end of the day on August 10th.

The value of September gas futures in the Dutch TTF reached $ 543.2 per thousand cubic meters. However, at the end of the trading session, its value dropped to around $ 535.

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 meant increased 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.

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