Prices are rising due to rising temperatures in Asian countries, which have hit part of the LNG supply.
The price of natural gas in Europe has exceeded $500 per 1,000 cubic meters. m for the first time since April of this year. This was confirmed by the data of the London ICE exchange on Thursday, June 15.
The July futures price at the TTF hub in the Netherlands rose to $502 per 1,000 cubic meters. m, or 44.8 euros per MWh (based on the current euro/dollar exchange rate, ICE prices are presented in euros per MWh). The total price increase since the beginning of the day is about 17%.
As you know, in the spring, the price of gas in Europe fell by almost half – to $282 per 1,000 cubic meters. m, against the background of high occupancy of gas storage facilities and record LNG flows.
But in recent days, gas prices have started to rise due to rising temperatures in Asian countries, where part of the LNG supplies have gone. The launch of Equinor’s Hammerfest LNG plant in northern Norway has also been delayed.
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Source: korrespondent
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