New record: Gas prices in Europe exceed $2,000

Source : 112 Ukraine

Prices are rising for the third week in a row
12:10, 22 December 2021

112 Agency

The price of gas futures in Europe surpassed $2,000 per thousand cubic meters against the background of cold weather and reduction of gas pumping by Russian Gazprom, according to the London Stock Exchange ICE.

According to the ICE exchange, the value of January futures on the Dutch hub TTF rose to $2,224 per thousand cubic meters, although then adjusted to a level slightly below $2,200.

It is worth noting that prices have been rising for the third week in a row and have remained at over $1,380 since December 13.

As it was reported on December 21, the peak price for gas in Europe can reach 2500-2700 dollars per thousand cubic meters.

Related: No gas - no fertilizers: Prices for agricultural products will grow by quarter in 2022

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