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Gas Futures in Europe Exceed $1,900 Per 1,000 Cubic Meters

Sputnik International

MOSCOW (Sputnik) - Gas futures prices in Europe exceeded $1,900 per 1,000 cubic meters on Thursday for the first time since March 1 and are currently... 07.07.2022, Sputnik International

2022-07-07T10:57+0000

2022-08-06T08:33+0000

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The price of August futures on the TTF index was trading at around $1,865 at the opening of trading, which is 3.4% higher than the settlement price on Wednesday — $1,803.5 per 1,000 cubic meters. Then, the quotations dropped to $1,845 (+2.3%) and in the last minutes, grew again. For now, the highest level accounts for $1,930 per 1,000 cubic meters.

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Gas Futures in Europe Exceed $1,900 Per 1,000 Cubic Meters

10:57 GMT 07.07.2022 (Updated: 08:33 GMT 06.08.2022)

© AFP 2023 / JOE KLAMARPicture taken on May 9,2022 shows equipment operated by GCA (Gas Connect Austria) and TAG (Trans Austria Gas pipelines) at one of the largest interconnection gas hubs in Europe at Baumgarten an der March, Lower Austria

Picture taken on May 9,2022 shows equipment operated by GCA (Gas Connect Austria) and TAG (Trans Austria Gas pipelines) at one of the largest interconnection gas hubs in Europe at Baumgarten an der March, Lower Austria - Sputnik International, 1920, 07.07.2022

MOSCOW (Sputnik) - Gas futures prices in Europe exceeded $1,900 per 1,000 cubic meters on Thursday for the first time since March 1 and are currently increasing by almost 7%, according to the London-based ICE exchange.

The price of August futures on the TTF index was trading at around $1,865 at the opening of trading, which is 3.4% higher than the settlement price on Wednesday — $1,803.5 per 1,000 cubic meters.

Then, the quotations dropped to $1,845 (+2.3%) and in the last minutes, grew again. For now, the highest level accounts for $1,930 per 1,000 cubic meters.