Gas price in Europe peaks since September 2018 – Rambler / finance



Gas prices at the Dutch hub TTF on Wednesday reached $ 337.9 per thousand cubic meters and are now at the levels of September 2018, follows from the trading data.

At the same time, active gas withdrawal from European underground gas storage facilities (UGS) continues. According to the latest data, on Monday the occupancy of the UGS facility was 65.75%, while at the beginning of the month it was at 74%.

Gas prices in Europe in 2020 against the backdrop of the pandemic fell almost threefold. In May, they dropped below $ 40 per thousand cubic meters. However, in the fall, quotations returned to pre-crisis levels and continued their rapid growth.

The dynamics of prices is due to high demand for gas due to cold weather in Europe and Asia. European quotes are also supported by the fact that significant volumes of LNG were redirected by suppliers from Europe to Asia-Pacific countries, where demand was additionally stimulated by an active economic recovery.

Video of the day. Interregional housing demand has skyrocketed

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Gas prices at the Dutch hub TTF on Wednesday reached $ 337.9 per thousand cubic meters and are now at the levels of September 2018, follows from the trading data.

At the same time, active gas withdrawal from European underground gas storage facilities (UGS) continues. According to the latest data, on Monday the occupancy of the UGS facility was 65.75%, while at the beginning of the month it was at 74%.

Gas prices in Europe in 2020 against the backdrop of the pandemic fell almost threefold. In May, they dropped below $ 40 per thousand cubic meters. However, in the fall, quotations returned to pre-crisis levels and continued their rapid growth.

The dynamics of prices is due to high demand for gas due to cold weather in Europe and Asia. European quotes are also supported by the fact that significant volumes of LNG were redirected by suppliers from Europe to Asia-Pacific countries, where demand was additionally stimulated by an active economic recovery.

Video of the day. Interregional housing demand has skyrocketed

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Gas prices at the Dutch hub TTF on Wednesday reached $ 337.9 per thousand cubic meters and are now at the levels of September 2018, follows from the trading data.

At the same time, active gas withdrawal from European underground gas storage facilities (UGS) continues. According to the latest data, on Monday the occupancy of the UGS facility was 65.75%, while at the beginning of the month it was at 74%.

Gas prices in Europe in 2020 against the backdrop of the pandemic fell almost threefold. In May, they dropped below $ 40 per thousand cubic meters. However, in the fall, quotations returned to pre-crisis levels and continued their rapid growth.

The dynamics of prices is due to high demand for gas due to cold weather in Europe and Asia. European quotes are also supported by the fact that significant volumes of LNG were redirected by suppliers from Europe to Asia-Pacific countries, where demand was additionally stimulated by an active economic recovery.

Video of the day. Interregional housing demand has skyrocketed




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