Gas prices in the EU increased by 15-30% due to the reduction of supply
Prices Day Ahead gas at the main European hubs in the past two days have increased by 15-30%. According to the calculations ExPro, in particular on the Dutch TTF exchange price increased by 32% (to 13.98 euros / MWh by the end of Tuesday), German NCG - 28% (up to 14.2 euros / MWh), on the Austrian CEGH - 24 % (to 14.17 euros / MW).
As reported by the European media, the jump in prices is due to a temporary reduction of gas supplies from Norway. According to Gassco, the Norwegian operator of the GTS, 4-6 November in the system were regularly observed negative balance.
Dynamics of quotations of futures contracts over the two days is low (1-2%), the TTF December futures rose to 17.3 € / MWh by the end of Tuesday, in NCG - to 17.1 € / MWh, for CEGH to 17.3 Euro / MW.
Prices Day Ahead gas on some hubs the EU by the end of the day, the Euro / MW
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| EXCHANGE | 3.11.19 | 4.11.19 | 5.11.19 | DYNAMICS 3-5.11.19 |
| TTF | of 11.03 | 11,96 | 13,98 | 27% |
| NCG | of 11.06 | 12,30 | 14,20 | 28% |
| CEGH VTP | 12,20 | 13,30 | of 14.07 | 15% |