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Gas prices in Europe exceed $1100 per thousand cubic meters

Tom Hagler by Tom Hagler
20.02.2022
in Stock Market
Gas prices in Europe exceed $1100 per thousand cubic meters
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According to the London Intercontinental Exchange, gas prices were above $1100 per 1,000 cubic meters at the opening of Friday, January 14. As of 10:45 a.m., the price was $1113.

Last night the price reached $ 1030 per 1 thou. cu. m., but closer to the closing of trading it went down to $ 998.7 thousand.

At the same time Gas Infrastructure Europe reported about a 50% reduction of natural gas reserves in underground gas storages in Europe. This is 16 percentage points below the average level for the last five years.

We remind that on December 21 the gas price in Europe for the first time in history reached a record point – more than $2150 per 1 thou cubic meter.

On

the subject: Handelsblatt: Gazprom may launch “Nord Stream – 2” without certification

Gas Prices in Europe Top $1100 per thousand cubic meters Photo: Yandex Images

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