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  5. Gas prices in Europe reached $1,345 per thousand cubic meters

Gas prices in Europe reached $1,345 per thousand cubic meters

MOSCOW, Nov 15 Exchange gas prices in Europe accelerated the growth rate is up to 11% and is approaching $1,350 per thousand cubic meters, according to the London ICE exchange. (+6.9%). The cost as of 11.11 Moscow time is 1344.5 dollars (+11%). The dynamics of quotations is based on the settlement price of the previous trading day – $1,211 per thousand cubic meters.

According to the results of trading on Monday, the cost of gas increased by 20%, to about $1,250 per thousand cubic meters. Alexei Grivach, deputy head of the National Energy Security Fund, in a commentary explained the rise in exchange prices by the expectation of a cold snap and problems with gas supplies from Norway. four days in a row updated historical highs. The price record of $3,892 per thousand cubic meters was reached on March 7. In April-May, the cost of gas decreased, but in the summer, after the reduction in supplies from Russia, it rose again, and in August the average settlement price exceeded $2,450, which was a record for the entire history of the operation of gas hubs in Europe – since 1996. to decrease. The average settlement price of the nearest futures in September amounted to $2,093 (-14.6% in monthly terms), and in October it fell to $1,377 per thousand cubic meters (-34.2%). Analysts attributed this to the high level of occupancy of gas storage facilities in Europe and reduced demand for “blue fuel” due to energy savings and warm weather.

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