Gas price in Europe surpasses $1,000 per 1,000 cubic meters for first time on record

Gas price in Europe surpasses $1,000 per 1,000 cubic meters for first time on record The price of gas in Europe during trading on September 14 exceeded $1,000 per 1,000 cubic meters for the first time on record, according to the ICE exchange.
Energy
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September 28, 2021 10:49
Gas price in Europe surpasses $1,000 per 1,000 cubic meters for first time on record

The price of gas in Europe during trading on September 14 exceeded $1,000 per 1,000 cubic meters for the first time on record, according to the ICE exchange.

So, the price of the October futures on the TTF hub in the Netherlands at some moments hit the ceiling of $1,031.32 per 1,000 cubic meters.

The overall growth in gas price has already topped 11% today.

European countries started to take emergency measures to limit gas and electricity tariffs amid growing gas prices. The European Parliament suspects Gazprom of being behind the price hike, but the Russian company said it seeks to increase supply volumes. The Kremlin believes that the inauguration of North Stream-2 will help achieve balanced prices.

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