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Gas prices in Europe renew skyrocketing spike past $1,200

Gas price on the ICE exchange started to grow once again after falling below $1,000 per 1,000 cubic meters and has already surpassed $1,200 per 1,000 cubic meters.

Earlier on Thursday, the futures price dropped from $1,250 to $973 per $1,000 cubic meters. However, the growing dynamics returned later and by 13:40 Moscow time, the price for November TTF futures exceeded $1,220 per 1,000 cubic meters.

The high volatility of prices on the European gas market is associated with low reserves of gas storage facilities ahead of winter.

[Source: Tass, Moscow, 07Oct21]

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small logoThis document has been published on 24ct21 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.