- Sputnik International, 1920
Energy Crisis in Europe
Europe is bracing for tough winter as US-led push to “punish” Moscow for its military operation in Ukraine backfired on the EU, which has faced months of skyrocketing energy prices and rising inflation after Brussels joined Washington in attempting to “phase out” Russian oil, coal and gas.

Gas Prices in Europe Top $1,700 Per Thousand Cubic Meters 1st Time Since March 10

© Sputnik / Press-service of Eugal / Go to the mediabankIn this handout photo released by the press-service of Eugal, a view shows the Eugal pipeline, in Germany
In this handout photo released by the press-service of Eugal, a view shows the Eugal pipeline, in Germany - Sputnik International, 1920, 04.07.2022
Subscribe
MOSCOW (Sputnik) - Gas prices in Europe on the ICE exchange exceeded $1,700 per thousand cubic meters for the first time since March 10, growing by about 7%.
The August, futures on the TTF hub were trading up 7.4% at $1,715.
In early March, gas prices in Europe, due to fears of a ban on the import of Russian energy resources, skyrocketed to a historic high of $3,892, reached on March 7.
But then, the quotes moved to a steady decline and on June 6 they fell below $900 per thousand cubic meters.
The price of gas in Europe again started rising in mid-June and continued to rise in recent weeks amid a drop in supplies from Russia.
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала