Natural gas prices in Europe grow 5%

Gas futures prices in Europe at the opening of trading have increased by 5%, Report informs referring to ICE Futures.

The price of December gas futures according to the Dutch TTF index at the opening of trading amounted to $951.3, after which the prices slightly decreased to $945.

Gas prices in Europe rose sharply in late summer and early autumn. Experts attributed the rise in gas prices in Europe to the low level of occupancy of European underground storage facilities, limited offer from major suppliers and high demand for liquefied natural gas in Asia.

At the beginning of October this year, prices for natural gas reached a historical high of $1,937 per 1,000 cubic meters, and since November, for the first time in 1.5 months, the price of futures fell below $750.