Gas Prices in Europe Exceeded $1,600 per Thousand Cubic Meters
The price of the November futures at the TTF hub in the Netherlands at the opening at 09:10 Moscow time rose to $1,559 per thousand cubic meters, or €130 per megawatt hour. On Tuesday evening, trading closed at below €120 per megawatt-hour. The maximum price in the morning reached $1,606 per thousand cubic meters.
Earlier, Russian analysts said that gas prices in Europe will depend on the severity of the weather during the heating season, potentially they can reach $2,000 per thousand cubic meters. According to them, the European market is currently under pressure due to the high demand for liquefied natural gas in Asia.