Gas price in Europe exceeded $500 per 1,000 cubic meters
The cost of December natural gas futures in Europe exceeded $500 per 1 thousand cubic meters during trading on the London ICE exchange on October 18.
The futures price at the TTF hub in the Netherlands in the morning was the lowest for the day - $490. During the day their price rose to $516. Relative to the previous trading day, the gas price rose by 2%.
Earlier, on November 14, Capital Lab partner Evgeny Shatov predicted a 5-10% rise in gas prices in Europe.
On the same day, The Financial Times reported that the rise in gas prices in Europe was due to the fact that the Austrian group OMV warned of possible disruptions in supplies from Russia.
On October 10, Gazprom CEO Alexei Miller said at a plenary session of the St. Petersburg International Gas Forum that Europe's gas market policy could lead to a new gas price shock and supply disruptions. He called the situation on the European gas market bad and agreed with the assessment that the demand for energy resources there is being destroyed purposefully.
European countries are facing an unprecedented rise in gas and electricity prices due to the course to reduce energy imports from Russia, which was taken by Western countries as a measure of pressure on Russia after the start of the special operation to protect Donbass in February last year.
Переведено сервисом «Яндекс Переводчик»
