The price of gas in Europe on the stock exchange rose to almost $480 per 1,000 cubic meters. m – Kommersant

The price of gas in Europe on the stock exchange rose to almost $480 per 1,000 cubic meters.  m - Kommersant

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The price of gas in Europe at exchange trading has increased by 16% since the beginning of the day on the back of reports of planned strikes by workers at Australian LNG plants in September. The cost of September futures at the TTF hub in the Netherlands increased to $478 per 1,000 cubic meters. m or €42.5 per 1 MWh, follows from the data of the ICE exchange.

As reported the day before Reuters, Woodside Energy’s offshore gas unions in Australia are set to go on strike on 2 September. According to Bloombergpossible strikes by workers at core Australian plants could jeopardize 10% of global LNG exports and provoke a sharp increase in prices.

Last week, the European Commission reported that underground gas storage facilities in the European Union were 90% full. This figure was reached much earlier than the start of the heating season, which starts in Europe in early October. This is attributed to the abnormally warm previous winter.

Details – in the material “Kommersant FM” “Europe added gas”.

Laura Keffer

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