GENERICO.ruWorldGas prices in Europe dropped to $ 1,400 per thousand cubic meters

Gas prices in Europe dropped to $ 1,400 per thousand cubic meters

MOSCOW, Dec 15 Gas futures prices in Europe, after a jump above $ 1,550 in the morning, are losing 7%, falling below $ 1,400 per thousand cubic meters, according to data from the London stock exchange ICE. exceeded $ 1,550. However, in the last hour, prices went down and by 12.44 Moscow time fell to $ 1390.4, which is 7.3% lower than the calculated price the day before – $ 1499 per thousand cubic meters. The British urged the Germans to get ready to freeze without Nord Stream 2 The cost of gas on the forward market continues to rise. The average price of January futures last month was $ 960, and now, according to the calculations of RIA Novosti, the same indicator has grown to almost $ 1190. The average price on a spot in November almost reached $ 950, and now the same indicator is close to a record high of $ 1,130. Last week, prices for ICE Futures and Spot TTF consolidated above $ 1,200 per thousand cubic meters. Prices jumped sharply – by almost 10% – last Wednesday. Rystad Energy, an independent energy research company, attributed this to an unplanned shutdown at the Troll gas field in Norway that day, after which the flow of gas from there decreased by about 14%. And the rise in prices on December 13 could have been caused by the words of German Foreign Minister Annalena Berbock that the operation of the Nord Stream 2 gas pipeline cannot yet be agreed upon because it does not meet the requirements of European energy law. A tangible rise in gas prices in Europe has begun from April-May, when the average spot price on TTF fluctuated in the range of $ 250-300 per thousand cubic meters. In the last days of summer, the value of a day-ahead delivery contract exceeded $ 600, and in early October it crossed the threshold of $ 1,000. The all-time high in the futures market – above $ 1,900 per thousand cubic meters – was reached on October 6. There have not been such persistently high prices in Europe in the entire history of gas hubs functioning – since 1996. Experts linked the rise in prices to several factors: low occupancy rates in European underground storage facilities, limited supply from major suppliers and high demand for liquefied natural gas in Asia. The Baltic states ask Russia to save it from frost


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