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Gas price in Europe exceeds $1,300 per 1,000 cubic meters for the first time since October

Headlines 14:44 13 Dec, 2021

The total increase of the gas price in Europe since the closure of the trading on Friday amounts to 8%

Gas price in Europe exceeds $1,300 per 1,000 cubic meters for the first time since October

The gas price in Europe rose above $1,300 per 1,000 cubic meters at the opening of exchange trading on Monday, for the first time since the beginning of October, according to ICE trading data, Qazet.az reports citing TASS.

The price of gas futures for January delivery at the TTF hub in the Netherlands is $1,344 per 1,000 cubic meters, or 114.3 euro per MWh (on the basis of the current euro exchange rate against the dollar, prices at ICE are in euro per MWh).

The total increase of the gas price in Europe since the closure of the trading on Friday amounts to 8%.