Gas price in Europe for the first time in history exceeded $ 700 per thousand cubic meters

by time news

For the first time in history, the price of November gas futures at the Dutch TTF gas hub reached $ 700.2 per 1,000 cubic meters. m, or about 57 euros per MWh. Growth amounted to 3% per day, follows from the trading data of the London stock exchange ICE.

At the opening of trading on Thursday September 9, the price was $ 679 per 1,000 cubic meters. m, during the day it corrected to $ 669.4, and then began to grow sharply, breaking another record.

In mid-August, Gazprom decided not to book additional capacities for transit through Ukraine. The Ukrainian GTS Operator has offered up to 15 million cubic meters of transit capacity for September at an auction. m per day. However, the Russian company has booked only 4.3% of the proposed capacity – 0.65 million cubic meters. m per day, or 19.5 million cubic meters. m in total for the entire September.

In addition, in early August, Gazprom also did not book additional transit capacities of the Yamal – Europe gas pipeline through Poland for the 4th quarter, as well as for the first three quarters of 2022 on a quarterly basis.

Earlier in August, an accident occurred at the plant in Novy Urengoy, as a result of which structural elements of the building were damaged on an area of ​​2,000 square meters. m and the equipment inside. The damaged installation at the gas plant in Novy Urengoy will be restored by Gazprom only by the end of 2022. The plant is part of Gazprom’s subsidiary Gazprom Pererabotka.

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