Gas prices in Europe rose by 12%
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As a result of trading today, January 20, gas prices in Europe rose by approximately 12% to $760 per thousand cubic meters. m (€66.8 per 1 MWh), follows from the exchange quotes ICE. Analysts Bloomberg link the increase in the cost of energy with an increase in demand.
At the opening of trading, the February futures price at the TTF hub in the Netherlands was $672.7 per thousand cubic meters. m. A sharp increase in prices after relative stability in the EU energy market, Bloomberg also explains the interruptions in the work of one of the French nuclear power plants, cooling and problems with gas supplies from Norway due to field maintenance.
Earlier, Bloomberg, citing a number of EU officials wrotethat in early 2023, gas prices in Europe began to decline due to favorable weather conditions, high storage capacity and increased electricity generation from wind farms. January 17, energy prices in European countries fell below $600 per thousand cubic meters. m. for the first time since August 2021.
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