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Exchange prices for gas in Ukraine exceeded 1,400 dollars per thousand cubic meters

Ukraine

Ukrainian metallurgical plants have not yet commented on the current situation, however, the fourfold rise in prices for natural gas cannot be ignored by steel producers, accounting for a significant part of the cost of metal smelting.

Exchange prices for gas in Ukraine exceeded 1,400 dollars per thousand cubic meters

Quotations of natural gas on the Ukrainian Energy Exchange (UEB) have reached 38,532 hryvnia (1,447.6 US dollars) per 1,000 cubic meters for a prepayment for a volume of at least 10 thousand cubic meters, according to data of the DEB site.

The weighted average gas price with VAT in October reached UAH 28,654 (USD 1,076) per 1,000 cubic meters. In September, this figure was 18,505 hryvnia (695 USD) per thousand cubic meters.

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

The situation is qualified by some European media as Gazprom's gas war against end-consumer and transit countries. The Kremlin's goal, they say, is to make European countries demand an early Certification of the Russian-German gas pipeline Nord Stream 2 and the start of its operation, because the volume of gas in European underground storage facilities has been minimal since 2011.

Against the backdrop of the energy crisis in the EU, people in Germany began to show video clips that should teach them how to survive in the event of a long-term outage of heating and electricity in their homes.

In the UK, the cost of electricity and gas has reached such levels that the production of steel has become commercially unprofitable. Almost all British steel mills began to stop production during peak hours and raise prices for steel, in an attempt to shift part of the cost to the consumer of rolled metal.

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