Gas prices in Europe up 3%

News Department
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Gas futures rose by 3% in Europe on Tuesday, Report informs, citing data from London's ICE.

July (nearest) futures on the TTF index (the largest hub in Europe located in the Netherlands) opened trading at $323.2 per thousand cubic meters (+2.6%). Then they rose to $324.9 (+3.1%).

The dynamics of quotations is based on the settlement price of the previous trading day - $315.1 per thousand cubic meters.

The day before, futures were up 23% to $325. Experts attributed this to the expected growth in demand for gas in Europe and Asia due to the seasonal factor and scheduled repairs to the gas infrastructure that have begun.

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