Gas now costs over $750 in Europe

13.09.2021

The price of gas on the European market has exceeded $750 per thousand cubic meters, according to data from the London stock exchange ICE. This is a historical record.

The price of the October futures was $713.1 per thousand cubic meters at the beginning of the trading session on September 13. By 09:30 Moscow time, it had grown to $728.2, and by 15:35 it had soared to $751.2. The price of futures crossed the $700 mark on September 9th.

The cost of gas in Europe may soon exceed $800 per thousand cubic meters, the director of the Energy Development Fund said earlier. He explained this by the low occupancy of the storage facilities.