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Gas in Europe has risen to almost $ 600 per thousand cubic meters

Russia / Ukraine / Europe

Gazprom Export last week stopped selling gas for 2022 on its Electronic Trading Platform, which led to another increase in prices on European gas exchanges.

Gas in Europe has risen to almost $ 600 per thousand cubic meters

European exchange prices for natural gas on Monday with the start of trading on ICE Futures soared to 49 euros per kWh or 598 dollars per thousand cubic meters, according to the exchange data.

On Friday, trading closed at $ 586 per thousand cubic meters.

A new gas year begins in October. Until the end of September, Gazprom has a long-term reservation of transit capacities of the Yamal-Europe gas pipeline. The Russian company has not yet booked the capacity of this line at the past annual and quarterly auctions.

At the end of 2021, the almost completed Nord Stream 2 gas pipeline is expected to be launched. The issues of regulating the operation of the highway are currently being considered by the relevant regulatory authorities.

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