Gas Price in Europe Surpasses $1,100 per 1,000 Cubic Meters

The gas price in Europe surpassed $1,100 per 1,000 cubic meters during Monday trading after diving below $1,000 as trading opened, according to data provided by London’s ICE exchange.
The price of gas futures for November delivery at the TTF hub in the Netherlands currently stands at $1,123 per 1,000 cubic meters.
On Wednesday, October 6, a fresh all-time high was hit at the TTF as the gas price climbed above $1,900 per 1,000 cubic meters, after which it nosedived.
The high price volatility on the European gas market is particularly connected with the fact that gas storage facilities are not running full before the upcoming winter.

About Parvin Faghfouri Azar

Check Also

German Chemicals Giant BASF Creates New Subsidiary for Renewable Energy Activities

BASF announced that the company will bundle its renewable-energy activities under BASF Renewable Energy from …

Leave a Reply

Your email address will not be published. Required fields are marked *