Economy

Gas price in Europe renewes its historical maximum

Gas price in Europe renewes its historical maximum – now $ 728 per 1,000 cubic meters

Restraining gas supplies to Europe, Russia is pushing the EU to accelerate certification of the Nord Stream 2 gas pipeline. The price of the nearest (October) gas futures on the ICE exchange on September 13 continued to grow, reaching 59.765 euros per 1 MWh by 09:30 Kyiv time, which is $728 per thousand cubic meters. In August, the average value of a day-ahead contract on TTF was $533, in early September it was already $658. European gas prices are rising for a number of reasons. The main ones are that little gas is stored in underground storage facilities, and the current gas supp...

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