Gas is gradually becoming more expensive due to increased withdrawal of gas from storage facilities. The average share of wind generation in electricity generation also decreased.
The price of natural gas in Europe rose above $1,700 per 1,000 cubic meters. m. This was learned during trading on the London Stock Exchange ICE on Thursday, December 8th.
The price of January futures at the TTF hub in the Netherlands rose to $1,714 per 1,000 cubic meters. m, or EUR 157.55 per MWh (based on the current EUR/USD exchange rate, ICE prices are shown in EUR per MWh).
The overall increase in gas prices since the beginning of the day is about 5%.
Gas in Europe is gradually becoming more expensive due to increased withdrawal of gas from storage facilities due to cooling. Also, in recent days, the average share of wind generation in electricity generation has decreased.
Remember that at the end of November the price of gas in Europe exceeded $1,400 per thousand cubic meters. This happened against the backdrop of a statement by Russian Gazprom about the threat to limit travel to Europe through Ukraine.
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Source: korrespondent
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