Exchange gas prices in Europe are growing by 11% – Kommersant
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Exchange gas prices accelerated growth to 11%. November futures on the Dutch TTF on the London Stock Exchange ICE today, October 12, reached a maximum price of $562.2 per 1 thousand cubic meters. m (+11.4%). As of 13:50 Moscow time, their price was $559.5 per 1 thousand cubic meters. m (+10.8%).
On October 9, due to tensions in the Middle East region and the decision of workers at Chevron LNG plants in Australia to resume the strike, the November TTF futures immediately increased by 12.4%, to $430 per 1 thousand cubic meters. m. On October 10, the price of spot gas on TTF at the close of trading was $494 per 1 thousand cubic meters. m, October 11 – $491 per 1 thousand cubic meters. m.
Earlier, Israel decided to temporarily stop gas production at one of its largest fields – Tamar, located on the shelf near the Gaza Strip and within the reach of Hamas missiles. According to Kommersant, the shutdown of Tamar, whose gas was also exported to Egypt, may mean a reduction in the load on Egyptian LNG plants and thereby a reduction in LNG supplies to Europe in the winter.
Read more in the Kommersant article. “Israel is turning down the gas”.
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