06.10.2021, 10:59
Gas Prices in Europe Exceeded $1,600 per Thousand Cubic Meters
Source: ИА «Ореанда-Новости»
OREANDA-NEWS. The price of gas in Europe at the opening of trading on October 6 rose sharply to a new historical record, exceeding $1,600 per thousand cubic meters, as evidenced by ICE exchange data.
The price of the November futures at the TTF hub in the Netherlands at the opening at 09:10 Moscow time rose to $1,559 per thousand cubic meters, or €130 per megawatt hour. On Tuesday evening, trading closed at below €120 per megawatt-hour. The maximum price in the morning reached $1,606 per thousand cubic meters.
Earlier, Russian analysts said that gas prices in Europe will depend on the severity of the weather during the heating season, potentially they can reach $2,000 per thousand cubic meters. According to them, the European market is currently under pressure due to the high demand for liquefied natural gas in Asia.
The price of the November futures at the TTF hub in the Netherlands at the opening at 09:10 Moscow time rose to $1,559 per thousand cubic meters, or €130 per megawatt hour. On Tuesday evening, trading closed at below €120 per megawatt-hour. The maximum price in the morning reached $1,606 per thousand cubic meters.
Earlier, Russian analysts said that gas prices in Europe will depend on the severity of the weather during the heating season, potentially they can reach $2,000 per thousand cubic meters. According to them, the European market is currently under pressure due to the high demand for liquefied natural gas in Asia.
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