The price of gas on the ICE exchange exceeded $500 per 1,000 cubic meters. m
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The cost of 1000 cubic meters. m of gas for delivery in September on the ICE exchange exceeded $500 for the first time since mid-June, an increase of more than 9%, according to the London Stock Exchange.
As of 15:30 Moscow time 1000 cubic meters. m of gas cost 44.725 euros per 1 MWh, or $507.12 (+9.67%). By 15:47 Moscow time, growth slowed to 7.67%.
In mid-July, the International Energy Agency (IEA) predicted an increase in spot gas prices in Europe in 2024 by an average of 25% compared to this year, to more than $600 per 1,000 cubic meters. m.
According to the Association of European storage operators Gas Infrastructure Europe (GIE) as of August 16, the volume of reserves in European underground gas storage facilities (UGS) of the European Union exceeded a target level of 90% of their combined capacity, which is 15% higher than August 16, 2022 and 14% higher than the annual average for the last five years on the same date.
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