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Post: Gas prices in Europe increased by 18.5 percent


Sayda compressor station connecting Czech and German pipeline systems. archive photo

ICE: Gas price in Europe increased by 18.5 percent, exceeding $ 350 per thousand cubic meters

MOSCOW, June 9 – RIA Novosti. According to the data of the London Stock Exchange, the foreign exchange prices of gas in Europe increased the growth rate to 18.5% and again exceeded 350 dollars per thousand cubic meters. ICE.

July (nearest) futures on the TTF index (Europe’s largest headquartered in the Netherlands) started trading at $296.5 per thousand cubic meters (-0.5%). And their cost, according to data at 16:42 Moscow time, is $ 353.3 (+18.5%). The dynamics of offers are based on the settlement price of the previous trading day – $298.1 per thousand cubic meters.

Gas prices, which have declined since the end of last year until May 25, fell below $300 per thousand cubic meters for the first time in two years. This is 13 times lower than the record values ​​of the first days of spring last year – $ 3892 per thousand cubic meters.

The gas price on the European stock market fell due to adequate reserves in underground gas storage facilities in the European Union, as well as hot and windy weather and austerity measures that significantly reduced natural gas consumption.

Gas prices in the European market increased significantly in the spring of 2021. Then the offers fluctuated in the range of $ 250-300 per thousand cubic meters, at the end of summer it exceeded $ 600, and in the fall – already $ 1 thousand. In the winter of 2021-2022, prices exceeded the threshold of $ 2,000 per thousand cubic meters, and in the early spring they reached a record high for fears of a ban on the import of Russian energy sources. Since 1996, such persistently high prices have not been seen in the history of gas centers in Europe.

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Source: Ria

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