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Gas price in Europe exceeds $950

Source : 112 Ukraine

On Wednesday, the price of gas jumped immediately by 17.27%
15:00, 15 September 2021

Open source

The price of gas in Europe broke another record, reaching $950 per a thousand cubic meters for the first time in history. This is evidenced by ICE Futures bidding data.

On Wednesday, the price jumped immediately by 17.27%.

So, the price of October futures on the Dutch TTF index this morning was $842.5 per a thousand cubic meters. A little later, the price exceeded the mark of $900. After that, the value of October futures on the Dutch TTF index on the stock exchange exceeded $950 per 1,000 cubic meters.

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

As it was reported earlier, US State Department senior energy adviser Amos Hochstein warned that Europe could face gas shortages this winter due to low reserves and potential supply cuts. At present, European underground storage facilities are less than 70% full, which is 15% less than the average level observed for the last five years.

Related: Gas price in Europe exceeds $800

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