The price of gas in Europe during trading on Tuesday, December 14, exceeded the mark of $ 1,450 per 1,000 cubic meters. m for the first time since October, according to data from the London stock exchange ICE.
The price of the January futures on the TTF hub in the Netherlands as of 18:58 Moscow time reached $ 1,456 per 1,000 cubic meters. m (€ 125 for 1 MW • h).
In the morning at the opening of trading, the TTF index soared above $ 1400 per 1,000 cubic meters. m, but then dropped below $ 1350 per 1,000 cubic meters. m. On October 6, a historical maximum was reached – $ 1900 per 1,000 cubic meters. m.
On November 24, the head of the contract structuring and pricing department at Gazprom Export, Sergei Komlev, said that an acute shortage of liquefied natural gas (LNG) caused the gas crisis in Europe and provoked actions to increase prices by regional players. Europe will face rising carbon dioxide emissions this year due to rising coal consumption, he said.
On October 5, the finance ministers of France, Spain, Greece, the Czech Republic and Romania issued a statement in which they asked the European Union to develop a toolkit for an immediate response to gas price surges. The statement said that the EU needs to coordinate procurement in order to strengthen the negotiating position of European countries and modernize the energy market.
Russian President Vladimir Putin said that due to speculation on climate problems and a reduction in investment in the extractive industry, a real hysteria and confusion arose in the energy markets of Europe. He stressed that the transition to alternative energy sources should be smooth. According to him, Russia has all the possibilities for this.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
