Friday, December 3

Gas cost in Europe exceeded $ 1,060 per 1,000 cubic meters

The price of gas in Europe exceeded $ 1,060 per 1,000 cubic meters, according to data from the Intercontinental Stock Exchange (ICE)

The December futures price in the Title Transfer Facility (TTF) in the Netherlands has risen to $ 1,064 per 1,000 cubic meters, or 90,675 euros per megawatt hour (based on the current exchange rate of the euro to the dollar, the prices of ICE are presented in euros per MWh).

Last Tuesday the price of gas in Europe rose above $ 1,000 per 1,000 cubic meters for the first time since October 27.

Subsequently, the cost of gas rose sharply after the German regulator announced that it was suspending the certification of project No.rd Stream 2 due to legal claims against the organizational form of the operator Nord Stream 2 AG.


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