Gas in Europe rises in price again: Thousand cubic meters cost exceeds $ 1200

Source : 112 Ukraine

Gas price in Europe fell below $ 1,100 last week
16:08, 14 October 2021

Open source

Gas prices on the European ICE exchange again exceeded $ 1,200 per thousand cubic meters. This is evidenced by the trading data on ICE Futures.

Thus, in the course of trading on October 14, quotations rose to $ 1,225 per thousand cubic meters.

Note that last week gas prices on the European ICE stock exchange fell to $ 1,110.

Prior to that, the price of gas on the European futures market set another record. For the first time in history, it exceeded $ 1,900 per thousand cubic meters.

It is worth noting that gas prices are growing against the background of low reserves in underground storage facilities in Europe.

Related: Ukraine should demonstrate greater progress on peace process in Donbas, - French official

Russian President Vladimir Putin stated that his country is not using energy as a weapon against Europe and that Russia stands ready to help in the current energy crisis. Putin said this on Wednesday in an interview with CNBC during a panel discussion at Russian Energy Week in Moscow. 

“We are not using any weapons. Even during the hardest parts of the Cold War Russia regularly has fulfilled its contractual obligations and supplies gas to Europe,” he said.

Describing reports that Russia has withheld gas supplies to Europe, Putin called such accusations “politically motivated blather” and there was “nothing to support it [the idea] that we use energy as a kind of weapon.” On the contrary, he said, Russia was “expanding its supplies to Europe.”
Putin said that Europe should “not deal in blame-shifting” over the energy crisis in the region and that European countries had not done enough to replenish gas reserves in the summer.

Related: Nord Stream 2 to be ready for launch in coming days, - Russia's Deputy PM

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