Gas prices in Europe jumped by more than 10% – RBC

Rising gas prices ,


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The exchange price of gas in Europe exceeded $1.1 thousand per thousand cubic meters

Gas in Europe went up again after lowering prices before the New Year

Photo: Andrey Rudakov / Bloomberg

Exchange prices for natural gas in Europe on Friday morning, January 14, jumped by more than 10%, exceeding $1.1 thousand per 1 thousand cubic meters. m.

The price of January futures for gas according to the index of the most liquid European hub TTF in the Netherlands reached €95 per MWh, which is more than $1,143 per 1,000 cubic meters. m at the current rate, follows from the data of the ICE exchange.

On December 21, 2021, gas prices in Europe reached a historic high of $2,190.4 per 1,000 cubic meters. m, after which they began to decrease. In the last days of last year, the price of January futures fell by half – to $ 1020 on December 30.

GTS operator of Ukraine announced a two-fold reduction in gas transit from Russia

Photo: Sergey Chuzavkov / AR

Analysts attributed the rise in gas prices last year to several factors, including the low level of occupancy of European underground storage facilities, high demand for liquefied natural gas (LNG) in Asia, uncertainty about the Nord Stream 2 gas pipeline, and the weather factor – the onset of abnormal cold weather.

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