Gas price in Europe surpasses 1,450 dollars per 1,000 cubic meters, - ICE

Source : 112 Ukraine

In the Netherlands, a futures contract for November costs USD 1,456 per thousand cubic meters of blue fuel
21:00, 5 October 2021

Open source

The gas price in Europe has broken a new record. In the evening of October 5, the price of a futures contract for November increased to more than 1,450 dollars per thousand cubic meters of gas. This was mentioned on the website of the ICE, London stock exchange market.

According to the trade information, the price of November's futures contract at the TTF hub in the Netherlands reached USD 1,456 per thousand cubic meters of blue fuel. That's 121.5 euros for 1 MWt/h. 

As is known, on October 5, the price for gas at the futures market in Europe has beaten another record. For the first time ever, it has reached $1,250 per 1,000 cubic meters for the first time ever.

Related: Ukraine does not plan direct negotiations with Russia on gas supplies, - PM

Commenting on the current situation with energy security, Ukrainian Prime Minister Denys Shmygal claimed that Ukraine and Europe have faced a difficult gas crisis, which could affect the whole world.

"The big work takes place toward the understanding who to pass this winter. We understand that we face an extremely difficult gas crisis. It is not Ukrainian, it is the all-European, possibly, it will influence the whole world because it has already the market of coal; it costs over $200; while at the beginning of the year it was $100. In China, the number of enterprises was stopped. It is a really difficult transcontinental, and possibly, world crisis,” PM noted.

Related: Ukraine, EU face difficult gas crisis

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