The price of gas in Europe exceeded $3,300 per thousand cubic meters
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The spot gas price in Europe exceeded $3,300/ths. cube m. It is growing by more than 10%, according to the London Stock Exchange ICE futures.
At the moment, the price of the September futures for TTF on the stock exchange reached $3,312 per thousand cubic meters. m. This is the maximum level since the beginning of March: then a historical record of $3,898 per 1,000 cubic meters was recorded. m.
The increase in gas prices in Europe is associated with heat and drought, which led to a reduction in electricity generation by wind turbines. In addition, the price is affected by the planned shutdown of the Nord Stream gas pipeline for three days (from August 31 to September 2) for maintenance. Also, the price of gas is influenced by the increase in the cost of Asian futures for the supply of liquefied natural gas. On August 23, autumn LNG futures in Asia for the first time exceeded $60/MMBtu, or $2,100 per thousand cubic meters. m.
More details – in the material “Gas does not go to Europe”.
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