Exchange gas prices in Europe rose by 30% at the beginning of trading
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Exchange prices for gas in Europe at the beginning of trading on the London ICE exchange rose by 30%, they are traded at $2,900 per thousand cubic meters. m. The day before, the cost of quotations was at a level above $ 2,200 per thousand cubic meters. m. Today, the cost of the nearest, October, futures for natural gas at the TTF hub in the Netherlands at the moment rose to 279 euros per MW / h, or about $ 2917 per thousand cubic meters. m, taking into account the current exchange rate in the international market, testify ICE exchange data.
Last week “Gazprom” reported that the last gas compressor turbine, which was shut down for preventive maintenance on August 31, will not resume operation on September 2. After that, gas pumping through the Nord Stream was completely stopped.
Against the backdrop of this news, gas prices began to rise after slowing down on the news about the early filling of underground gas storage facilities (UGS) in Europe. In particular, Germany reached the occupancy rate of 85% 2 months ahead of schedule.
In early March, prices for April futures in Europe reached a maximum due to fears of a ban on the import of Russian energy resources. On March 7, quotes reached $3,892 per thousand cubic meters. m, approaching $3,900 for the first time. Gas prices last rose significantly above $3,500 amid news of a three-day suspension of Nord Stream for maintenance.
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