- 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 Futures in Europe Rallying Up to 10% to Over $680 Per Thousand Cubic Meters

© AP Photo / Joerg SarbachA worker inspects parts of the largest gas storage facility of Western Europe in Rehden, northern Germany
A worker inspects parts of the largest gas storage facility of Western Europe in Rehden, northern Germany - Sputnik International, 1920, 31.01.2023
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MOSCOW (Sputnik) - Gas futures in Europe have increased by 10% on Monday, reaching over $680 per thousand cubic meters, according to the London-based ICE exchange.
As of 07:23 GMT, March futures at the largest European gas hub TTF were trading at $683.4, which marks a 10% increase.
Gas pipeline - Sputnik International, 1920, 29.01.2023
Energy Crisis in Europe
Level of European Gas Reserves Falls Below 75%, Operators Report
The dynamics of quotations is based on the estimated price of the previous trading day, which stood at $621.2 per 1,000 cubic meters.
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