Gas prices in Europe exceeded $3,500 per 1,000 cubic meters. m
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Exchange prices for gas in Europe exceeded $3,500 per thousand cubic meters. m for the first time since March 8, the growth was more than 5%, follows from the data of the London Stock Exchange ICE. The price of the next September natural gas futures contract at the TTF hub in the Netherlands amounted to 338.5 euros per MWh, or $3,518 per thousand cubic meters. m, taking into account the current exchange rate in the international market, indicate data ICE exchanges.
The record was set on the ICE exchange on March 7: then the price of the April futures at the moment was at the level of $3898 after the start of the special military operation in Ukraine.
Previously “Gazprom» informed, which will suspend the operation of the last Nord Stream turbine on August 31 for maintenance and preventive maintenance. Gas pumping will be restored in three days, on September 2, if no technical faults are found. The company itself predicted that gas prices in Europe would rise above $4,000 per thousand cubic meters. m. this winter.
Many Western countries are faced with a shortage of energy resources, as a result of which gas prices in Europe began to skyrocket. Thus, France stopped receiving Russian gas from June 15. Despite this, French gas storage facilities were 88% full on August 24, told BFMTV head of the French Committee for the Regulation of Energy (CRE) Emmanuel Vargon. According to the German Federal Grid Agency (German regulator), as of August 23, gas storage facilities were filled by 80%. The average for the whole of Europe is now at 70%. In early August, the European Commission’s plan to voluntarily reduce gas consumption by 15%, with some exceptions, came into force, thanks to which the EU countries will be more prepared for the onset of winter in the event of a complete cessation of Russian gas supplies.
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