Gas price in Europe reaches $730

The gas price in Europe neared $730 per 1,000 cubic meters during the trading on September 13, Report informs referring to the ICE exchange.

The cost of the October futures on the TTF hub in the Netherlands on September 13 reached $727 per 1,000 cubic meters, or 59,585 euros per MWh (based on the current EUR/USD exchange rate, ICE prices are presented in euros per MWh).

During the auctions at the end of last week, the price of gas in Europe exceeded $700, and then $710 per 1,000 cubic meters.