The price of gas futures on the London ICE exchange exceeded $1.7 thousand per 1 thousand cubic meters. m.
Due to the sharp cooling in Europe, there is an increase in gas prices. The January futures price at the TTF hub in the Netherlands rose by 9% to $1,707.66 per 1,000 cubic meters. m.
The price of gas futures on the London ICE exchange exceeded $1.7 thousand per 1 thousand cubic meters. m for the first time since October 13. Base futures rose by 5.2%.
As of 10:26 Kyiv time, the price of gas futures on the exchange amounted to $1,654.59 per 1,000 cubic meters. m.
Natural gas prices in Europe rose on the back of a cold snap that will boost demand and test the region’s readiness for a winter of tight supplies.
The war in Ukraine and the gas situation:
On August 31, 2022, Gazprom suspended the supply of gas to Europe via Nord Stream-1.
On September 2, Gazprom announced the complete stoppage of gas pumping through the Northern Stream-1 pipeline for an indefinite period. On September 26, information appeared about a gas leak at “North Stream”. On September 27, it became known about explosions in the area of the leak.
On September 28, 2022, EU countries demanded an immediate cap on gas prices.
On October 1, it became known that Gazprom had stopped supplying gas to Italy. In addition, on October 1, 2022, Gazprom reduced gas supplies to Moldova.
On November 8, 2022, Turkey began paying for Russian gas in rubles.
On November 24, 2022, Bloomberg wrote that the transit of Russian gas through Ukraine is under threat.
On November 29, 2022, the Financial Times published an article that Europe has increased imports of Russian gas.
