Gas prices in Europe exceed $1,500 per 1,000 cubic meters

The cost of gas futures for delivery in January in Europe on December 7 amounted to slightly more than $1,500 per 1,000 cubic meters, Report informs referring to the London Stock Exchange ICE.

January futures on the TTF index (the largest hub in Europe located in the Netherlands) opened trading at $1,489 (-1%). Further, gas prices fell to $1,514.5 (+0.7%). The dynamics of quotations is based on the settlement price of the previous trading day - $1,503.6 per 1,000 cubic meters.

The cost of the nearest futures on ICE on December 1 for the first time since October 13 exceeded $1,700 (the maximum was almost $1,780). Prices in Europe rose against the backdrop of cold weather and low wind generation.