Gas Prices in Europe Rise above $2,800 per 1,000 Cubic Meters

The price of gas in Europe during trading on Monday rose above $2,800 per 1,000 cubic meters for the first time since the beginning of March, continuing to grow against the backdrop of reports about the suspension of supplies via Nord Stream for three days from August 31 due to the repair of the unit. This is evidenced by the data of the London stock exchange ICE, TASS reported.
The cost of September futures at the TTF hub in the Netherlands rose to $2,862 per 1,000 cubic meters, or €275.965 per MWh (based on the current euro/dollar exchange rate, ICE prices are in euros per MWh).
The overall increase in the cost of gas since the beginning of trading is almost 13%.
Last week, Gazprom announced that gas supplies via Nord Stream would be completely stopped from August 31 to September 2 due to the repair of the only gas pumping unit remaining in operation.

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