Gas Futures in Europe Hit New All-Time High Above $2,150 Per 1,000 Cubic Meters
16:04 GMT 21.12.2021 (Updated: 16:15 GMT 21.12.2021)
© Sputnik / Alexander WilfGas burner
© Sputnik / Alexander Wilf/
MOSCOW (Sputnik) - The price of European gas futures is growing by over 27% on Tuesday, exceeding $2,150 per thousand cubic meters for the first time in history, according to data from the London-based ICE exchange.
The price of January futures on the Dutch index TTF opened the trading session on Tuesday near the $1,800 mark. As of 15:04 GMT, the price had risen to $2,187, which is 27% higher than Monday's finish of $1,716.7.
Earlier in the day, gas futures had already topped a record, reaching $2,004 per 1,000 cubic metres.
Since autumn, Europe has been experiencing skyrocketing natural gas prices.
Gas futures surged to an at the time all-time high of $1,900 per thousand cubic metres in early October after the post-pandemic recovery in Europe spurred demand and a rush to fill gas storage ahead of the winter season.