The cost of March gas futures in Europe at the beginning of trading on February 14 exceeded $1,000 per thousand cubic meters for the first time since the end of January. This is evidenced by the data of the London Stock Exchange ICE.
So, in the first minutes of trading, the price of gas increased by 10-14% and reached $1,000 per thousand cubic meters, and after some time amounted to $1,028.2. After some time, the growth rate slowed down and already at 10.12 Moscow time reached $983.2, which is still 10.1% higher than last week.
The gas price began to rise in the summer of 2021. Already at the end of August, fuel cost more than $600 per thousand cubic meters. And in October, it rose above $1,000. On December 21, the exchange value reached a historic high of $2,190. This was followed by some rollback, but prices are still at a high level.
Experts noted that high gas prices are holding up due to low filling levels in European underground storage facilities, limited supply from major suppliers and strong demand for liquefied natural gas in Asia.
On February 1, it was reported that after almost doubling gas transit through Ukraine to 107.7 million barrels per day, the price of 1,000 cubic meters of gas dropped to below $900.
bbabo.Net