Baku 27° C
Gas prices in Europe rise to three-year high
Energy
- 09 June, 2021
- 10:28
Spot gas prices in Europe hit a record high amid expectations of hotter-than-expected weather and reduced supplies from Norway, Report informs via Interfax.
The price of gas delivered on Wednesday at the TTF hub in the Netherlands increased by 6% in just a day - to $357 per thousand cubic meters.
The achieved indicator is the highest over the past three years and three months - since the beginning of March 2018. Back then, the Anticyclone Hartmut (dubbed the Beast from the East) was raging in Europe, and the price of gas soared to $969 at TTF and to $1,227 per thousand cubic meters at the British NBP.
Since the beginning of the year, the average price of a day-ahead contract on TTF has already amounted to $257 per thousand cubic meters.
Author
Latest News
00:00
Six years pass since Tovuz battles
Domestic policy23:41
Venezuela quakes have killed 4,333, injured 16,740, National Assembly president says
Other countries23:21
Lebanon official confirms country's participation in Rome talks with Israel
Other countries23:02
Video
President: No state and no people have achieved a victory like the one won by the Azerbaijani state and its people
Domestic policy22:48
Video
President Ilham Aliyev's social media accounts shared video from meeting with residents of Guzeykhirman and Guneykhirman villages in Khojavend district
Domestic policy22:41
Israeli army says it struck Hezbollah operatives moving arms
Other countries22:17
More than 40 kidnapped children and teachers freed after Nigerian army operation
Other countries21:54
Rubio: US to use every tool to address national security threats posed by Cuba
Other countries21:33