Gas prices in Asia hit a two-month high
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Spot gas prices in Asia for the first time since March 8 exceeded $1,600 per 1,000 cubic meters. m, follows from the data of the Platts index and the calculations of Vedomosti. At the same time, the rise in prices in Asia did not lead, as it usually did, to a reduction in the “European premium” (gas to Europe is sold more expensive than in the Asia-Pacific market): it still remains above $600 per 1,000 cubic meters. m.
In Europe, against the backdrop of a sharp decline in supplies from Russia, spot prices are fixed for the second week at a level above $2,000 per 1,000 cubic meters. m. According to the ICE exchange, on the TTF hub in the Netherlands on August 2, September futures traded above $2,200 per 1,000 cubic meters. m.
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