Gas price in Europe increased by 17% in a day and broke a historical record

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Gas price in Europe increased by 17% in a day and broke a historical record

Gas price in Europe increased by 17% in a day and broke a historical record

The previous record was broken the day before. Then the value of the contract reached $ 810 09/15/2021, Sputnik Georgia

2021-09-15T13:35+0400

2021-09-15T13:35+0400

2021-09-15T13:50+0400

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TBILISI, 14 Sep – Sputnik. The price of gas in the European market has set another record, exceeding the mark of $ 970 per thousand cubic meters, RIA Novosti reports. In one day, the price jumped 17.72%. The price of the October futures on the Dutch TTF index was 841 at 10:35 TBS. $ 39 per thousand cubic meters. By 11:21, it had increased to $ 851.27, and a little later, at 11:46, it exceeded $ 875.84. An hour later, it exceeded the $ 900 mark, and by 13:03 had reached $ 943. Later, it exceeded $ 950 per thousand cubic meters. The previous record was set yesterday, when the cost reached $ 810. The cost of fuel in Europe since the beginning of the week has increased by 22%, and since the beginning of September soared almost one and a half times – on September 1, gas traded at 614 dollars per thousand cubic meters. Analysts believe that this dynamics is due to the low reserves of raw materials in the EU due to the cold winter last year. So, on September 14, European gas storage facilities were filled to 70.75%, last year the figure was 93%. At the same time, according to experts, Gazprom does not want to increase pumping and sales against the background of the launch of the Nord Stream 2 pipeline.

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The previous record was broken the day before. Then the value of the contract reached $ 810

TBILISI, September 14 – Sputnik. The gas price on the European market has set another record, exceeding the mark of $ 970 per thousand cubic meters, RIA Novosti reports.

In one day, the cost jumped immediately by 17.72%.

The price of the October futures on the Dutch TTF index at 10:35 tbs was $ 841.39 per thousand cubic meters. By 11:21, it had increased to $ 851.27, and a little later, at 11:46, it exceeded $ 875.84. An hour later, it exceeded the $ 900 mark, and by 13:03 had reached $ 943. Later, it exceeded $ 950 per thousand cubic meters.

The previous record was set yesterday when the price reached $ 810.

The cost of fuel in Europe since the beginning of the week has increased by 22%, and since the beginning of September has soared by almost one and a half times – on September 1, gas was traded at $ 614 per thousand cubic meters.

Analysts believe that this dynamic is due to low stocks of raw materials in the EU due to the cold winter last year. So, on September 14, European gas storage facilities were filled to 70.75%, last year the figure was 93%.

At the same time, according to experts, Gazprom does not want to increase pumping and sales amid the launch of the Nord Stream 2 trunkline.

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