European gas price collapsed again

09.11.2021

Gas prices in Europe fell by 4.5 percent against the background of Gazprom’s decision to increase supplies from Russia. This is evidenced by trade data.

Gas prices dropped below $900 per thousand cubic meters. As of this writing, the price has recovered a little bit and reached $914 per thousand cubic meters. The cost of gas fell after November 9, transit to Germany via the Yamal-Europe pipeline increased 2.5 times compared to the evening of November 8, to more than 850 thousand cubic meters per hour.