Gas Prices In Europe Reached $2100 Per Thousand Cubic Meters
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Gas futures contracts for September delivery (based on the TTF benchmark) are traded on Monday at $2,100 per thousand cubic meters,
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And in the first hour of trading grow by about 1.6% against Friday's settlement price, according to data from the London ICE exchange
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Today’s price minimum is $2,056., the maximum is $2,100 per thousand cubic meters (+1.6%)
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The European market faced a gas collapse last year
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Experts attributed its occurrence to limited supply from major suppliers, low levels of occupancy of underground gas storage facilities (UGS) in Europe,
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And high demand for liquefied natural gas (LNG) in Asia
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Almost 50%, from $1,180 per thousand cubic meters in June to about $1,805 in July, while in the middle of last summer it did not exceed $500
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The last days of July for the first time in four months crept up to $2,400 per thousand cubic meters
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Such persistently high prices have not been seen in the history of gas hubs in Europe since 1996