Gas prices are rising on news of the imminent continuation of the strike by workers at an LNG plant in Australia and the halt in production at the Tamar field in Israel.
The price of natural gas in Europe has exceeded $600 per 1 thousand cubic meters. m for the first time since mid-February. This was confirmed by data from the London ICE exchange on Friday, October 13.
The cost of November futures at the TTF hub in the Netherlands rose to $610 per 1 thousand cubic meters. m, or 56.01 euros per MWh (based on the current exchange rate of the euro to the dollar, ICE prices are expressed in euros per MWh). The total price increase since the beginning of the day is more than 5%.
European gas prices rose on news of the imminent continuation of the strike by workers at the Chevron LNG plant in Australia and the halt in production at the Tamar gas field in Israel.
In addition, the operation of the undersea gas pipeline between Finland and Estonia has been suspended due to a suspected leak. Finnish authorities said the damage to the gas pipeline was likely the result of external influences. The point of damage to the gas pipeline is located in the economic zone of Finland, in the central part of the Gulf of Finland.
At the same time, total gas reserves in the EU again reached a record level and exceeded 97%, and liquefied gas supplies increased slightly. At the same time, the absolute record for filling European underground gas storage facilities may be broken in the near future.
Let’s recall that Russian President Vladimir Putin called the EU countries “stupid” for their rejection of Russian energy resources, including gas.
Source: korrespondent
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