Gas prices began to rise against the backdrop of a statement by Russian Gazprom about a threat to limit transit to Europe through Ukraine.
The price of natural gas in Europe rose above $1,400 per 1,000 cubic meters. This was confirmed by the London Stock Exchange ICE data during trading on Wednesday, November 23.
Thus, the price of December futures at the TTF hub in the Netherlands rose to $1,431 per 1,000 cubic meters. m, or 133.8 euros per MWh (based on the current euro/dollar exchange rate, ICE prices are shown in euros per MWh). The total price increase since the beginning of the day is more than 10%.
Raw materials began to rise in price on November 22 against the backdrop of a statement by Russian Gazprom about the threat to limit transit to Europe through Ukraine, allegedly due to the “settlement” of gas that should be transported in Moldova. Now in Chisinau they rejected this information of the Russians.
Also today, the European Commission presented a proposal for a cap on gas prices, where it is proposed to introduce a ceiling of 275 euros per MWh in the TTF virtual hub.
News from Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.