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For the first time, the exchange price of gas in Europe exceeded USD 1,200 per thousand cubic meters

Ukraine / Europe

Europe, in the context of a general shortage of gas supplies (via gas pipelines and in liquefied form), is forced to compete for LNG with the premium market in Asia.

For the first time, the exchange price of gas in Europe exceeded USD 1,200 per thousand cubic meters

The exchange price of gas in Europe has once again renewed its historical maximum, for the first time exceeding the mark of 1200 US dollars per 1,000 cubic meters. This is evidenced by the data of the London stock exchange ICE.

At the time of this writing, the November futures price on the TTF hub in the Netherlands is € 95.3 per MWh (ICE prices are presented in € per MWh), or $ 1139.88 per thousand cubic meters (based on the current EUR /USD exchange rate).

At the opening of trading, the price of gas at its maximum reached $ 1205.25. Then the price dropped slightly, but still remains above the previous record. It was installed the day before, on September 30, and amounted to USD 1102 per 1,000 cubic meters. m.

According to the press service of the Ukrainian gas transmission system operator, due to the absence of applications from October 1, the transit of gas through the territory of Ukraine in the direction of Hungary was stopped. The company also added that given the fact that gas was imported from Hungary through a virtual reverse, there is no possibility of importing from Hungary without transit.

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