Since the beginning of the week, the price of gas in the European market has increased by more than $400.
European gas prices have risen 20% since the start of the week, surpassing $2,600 per thousand cubic meters, according to trade data on Tuesday, August 16.
Thus, the price of September TTF futures on the ICE Futures exchange reached $2,627 (+9%) per 1,000 cubic meters. A day earlier, quotes rose 11%.
Prices jumped after part of the capacity of the Norwegian Troll field and the Kollsnes gas treatment plant was shut down for annual maintenance from August 13 until the end of the month. Production capacity will decrease by 20 million cubic meters. m of gas.
In July, gas traded at an average of $1,764 per thousand cubic meters, and in August the average price was $2,128.
Europe also cut LNG imports to a six-month low. However, in general, the injection of gas into European storage facilities is on schedule, despite the reduction in Russian supplies.
Prices jumped after part of the capacity of the Norwegian Troll field and the Kollsnes gas treatment plant was shut down for annual maintenance from August 13 until the end of the month. Production capacity will decrease by 20 million cubic meters. m of gas.
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Source: korrespondent
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