The price of gas in Europe exceeded $1,500 per thousand cubic meters

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The spot price for gas in Europe has exceeded $1,500 per thousand cubic meters.

Thus, the July futures for the TTF index on the ICE exchange rose to $1,504 per thousand cubic meters. At the same time, the day before, trading closed at $1,367.

On June 16, gas prices in Europe at the opening of trading on the London ICE exchange exceeded $1,450 per thousand cubic meters. The cost of raw materials grew by 15% – such a rapid growth was not observed on the site since the beginning of April. The rapid growth of gas prices began the day before, on June 15.

One of the key reasons for the sharp rise in gas prices in Europe was the statement by Gazprom to reduce the volume of pumping through the Nord Stream, first from 167 million to 100 million cubic meters per day – by almost 40% – and then completely to 67 million cubic meters due to for untimely return of gas pumping units from repair by Siemens and engine malfunctions.

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Thus, the July futures for the TTF index on the ICE exchange rose to $1,504 per thousand cubic meters. At the same time, the day before, trading closed at $1,367.

On June 16, gas prices in Europe at the opening of trading on the London ICE exchange exceeded $1,450 per thousand cubic meters. The cost of raw materials grew by 15% – such a rapid growth was not observed on the site since the beginning of April. The rapid growth of gas prices began the day before, on June 15.

One of the key reasons for the sharp rise in gas prices in Europe was the statement by Gazprom to reduce the volume of pumping through the Nord Stream, first from 167 million to 100 million cubic meters per day – by almost 40% – and then completely to 67 million cubic meters due to for untimely return of gas pumping units from repair by Siemens and engine malfunctions.

Thus, the July futures for the TTF index on the ICE exchange rose to $1,504 per thousand cubic meters. At the same time, the day before, trading closed at $1,367.

On June 16, gas prices in Europe at the opening of trading on the London ICE exchange exceeded $1,450 per thousand cubic meters. The cost of raw materials grew by 15% – such a rapid growth was not observed on the site since the beginning of April. The rapid growth of gas prices began the day before, on June 15.

One of the key reasons for the sharp rise in gas prices in Europe was the statement by Gazprom to reduce the volume of pumping through the Nord Stream, first from 167 million to 100 million cubic meters per day – by almost 40% – and then completely to 67 million cubic meters due to for untimely return of gas pumping units from repair by Siemens and engine malfunctions.

Thus, the July futures for the TTF index on the ICE exchange rose to $1,504 per thousand cubic meters. At the same time, the day before, trading closed at $1,367.

On June 16, gas prices in Europe at the opening of trading on the London ICE exchange exceeded $1,450 per thousand cubic meters. The cost of raw materials grew by 15% – such a rapid growth was not observed on the site since the beginning of April. The rapid growth of gas prices began the day before, on June 15.

One of the key reasons for the sharp rise in gas prices in Europe was the statement by Gazprom to reduce the volume of pumping through the Nord Stream, first from 167 million to 100 million cubic meters per day – by almost 40% – and then completely to 67 million cubic meters due to for untimely return of gas pumping units from repair by Siemens and engine malfunctions.

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German Chancellor Olaf Scholz said that Germany would do everything to eliminate the technical reasons for the reduction in supplies via Nord Stream.