https://sputnikglobe.com/20210915/european-gas-futures-hit-new-all-time-high-above-950-per-1000-cubic-metre-1089089031.html
European Gas Futures Hit New All-Time High Above $950 Per 1,000 Cubic Metres
European Gas Futures Hit New All-Time High Above $950 Per 1,000 Cubic Metres
Sputnik International
MOSCOW (Sputnik) - Gas futures on the European market surged by over 20% and hit a new all-time high above $950 per 1,000 cubic metres on Wednesday, according... 15.09.2021, Sputnik International
2021-09-15T09:15+0000
2021-09-15T09:15+0000
2021-09-15T09:55+0000
europe
gas
futures
https://cdn1.img.sputnikglobe.com/img/104772/67/1047726747_0:126:3197:1924_1920x0_80_0_0_b942b45c4ac7368c71164be6ec54ca6f.jpg
October gas futures for Dutch TTF, the most liquid European hub, rose by 17.27% to $943 per 1,000 cubic metres as of 09:03 GMT. Minutes earlier the price reached over $905.The spike in price was reported just a day after another record when Dutch TTF reached $801.2 per 1,000 cubic metres or 65.5 euros per MWh (based on the current exchange rate of the euro to the US dollar, prices for ICE are presented in euros per MWh).Gas prices are growing due to supply lagging behind demand, as Europe reported its storage capacity was at around 70 percent last week - which is 15 percent less than the five-year average.
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2021
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
europe, gas, futures
European Gas Futures Hit New All-Time High Above $950 Per 1,000 Cubic Metres
09:15 GMT 15.09.2021 (Updated: 09:55 GMT 15.09.2021) MOSCOW (Sputnik) - Gas futures on the European market surged by over 20% and hit a new all-time high above $950 per 1,000 cubic metres on Wednesday, according to Ice Futures trading data.
October gas futures for Dutch TTF, the most liquid European hub, rose by 17.27% to $943 per 1,000 cubic metres as of 09:03 GMT. Minutes earlier the price reached over $905.
The spike in price was reported just a day after another record when
Dutch TTF reached $801.2 per 1,000 cubic metres or 65.5 euros per MWh (based on the current exchange rate of the euro to the US dollar, prices for ICE are presented in euros per MWh).
Gas prices are growing due to supply lagging behind demand, as Europe reported its storage capacity was at around 70 percent last week - which is 15 percent less than the five-year average.
