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The price of gas in Europe exceeds $ 1,500

Photo: bulgartransgaz.bg

Previously, prices were very high this year in the first ten days of March, when quotes exceeded $ 2,000.

The spot price for natural gas in Europe exceeds $ 1,500 per thousand cubic meters. It was learned on Thursday, June 23.

So, this afternoon the July futures contract for the TTF index on the ICE Futures exchange reached $ 1,504 per thousand cubic meters, despite the fact that on Wednesday the trade closed at $ 1,367.

Previously, prices were very high this year in the first ten days of March, when quotes exceeded $ 2,000.

Gas prices in Europe are rising against the backdrop of a severe shortage of imported fuel supplies. The situation worsened last week when Gazprom severely cut off supplies through the Nord Stream 1 gas pipeline.

At the same time, it is known that Nord Stream 1 will completely stop transportation within a few hours in July due to scheduled maintenance. This will further exacerbate the gas shortage in the market.

Gazprom also shut down the Turkish Stream gas pipeline for a week, allegedly for planned maintenance work.

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Source: korrespondent

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