️️ Gas in Europe Rose to $1,000—the Highest Since December 2022
21 Articles
21 Articles
The wholesale price of gas for the European market exceeded 86 euros (roughly 2,100 crowns) per megawatt-hour on Tuesday, reaching its highest level since December 2022. The growth is being driven by supply disruptions from the Middle East and low inventories in Germany, AFP reported.
Gas storage in Europe is much emptyer than on average in recent years. In addition, Europe is competing with Asia for LNG deliveries. There is no prospect of relaxation.
The cost of natural gas futures in Europe has risen to the highest level since late 2022, against the background of concerns of market participants about fuel shortages. Natural gas futures in Europe have reached maximum levels since December 2022, with the Dutch TTF base contract increasing by 1.7 per cent – to 85.82 euros per megawatt-hour, written by WSJ. Financial Group ING analysts, noting that the market is preparing to spend a large part …
According to data from the London ICE Exchange, natural gas prices in Europe reached $1,000 per thousand cubic meters for the first time since September, reaching their highest level since 2022.
(Translation realized by editorial staff Opinion through Artificial Intelligence) * According to London-based ICE, the prices of natural gas in Europe have reached 1,000 dollars per thousand cubic meters for the first time since September and are at the highest levels recorded since 2022. The term contracts with maturity in November [...]
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