For the first time in history, the price of a gas futures in Europe exceeded $ 1000 per thousand cubic meters

For the first time in history, the price of a gas futures in Europe exceeded $ 1000 per thousand cubic meters, according to trading data on the London Intercontinental Exchange (ICE).

The cost of November futures on the TTF hub in the Netherlands rose during trading to $ 1,047 per thousand cubic meters, RBC notes. The overall rise in gas prices since the beginning of the day has already exceeded 11%.

Dmitry Marinchenko, director of the group for natural resources and commodities at Fitch, said that the main reason for the high prices is the low gas reserves in European gas storage facilities due to the cold winter a year ago and hot summer. Former head of the Austrian oil company OMV Rainer Seele said that gas prices in Europe could remain high in winter due to low filling of underground storage facilities.

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