Gas price in Europe up over $2,100 per 1,000 cubic meters for the first time

The price of gas in Europe has grown by more than 25% during the course of the day

Gas price in Europe up over $2,100 per 1,000 cubic meters for the first time -0
Gas price in Europe up over $2,100 per 1,000 cubic meters for the first time

The price of gas in Europe in the course of exchange trading continues to beat historical records and has already exceeded $ 2,100 per 1,000 cubic meters according to the data of the London stock exchange ICE on Tuesday afternoon.

The price of January futures on the TTF hub in the Netherlands increased to $ 2,120 per 1,000 cubic meters, or 181.47 euros per MWh (based on the current exchange rate of the euro to the dollar, prices for ICE are presented in euros per MWh).

Currently, the cost of gas has accelerated its growth to $ 2,145 per 1,000 cubic meters. The price of gas in Europe has grown by more than 25% during the course of the day. According to Dmitry Marinchenko, Senior Director of the group for Natural Resources and Commodities at Fitch, prices could react to a decrease in pumping through the Yamal-Europe pipeline and news of a possible cold snap in Europe.

Earlier, Gazprom again did not book capacities for the transit of natural gas through Poland via the Yamal-Europe gas pipeline for December 21. As a result, on the morning of December 21, the physical gas flow through the pipeline went in the reverse direction from Germany to Poland.

TASS

Other News

Vietnam supports UNESCO's people-centred approach, multilateral cooperation: official

Vietnam supports UNESCO's people-centred approach, multilateral cooperation: official

Van affirmed Vietnam’s support for the UNESCO80 reform roadmap, focusing on the organisation’s core mandate, priority areas, interdisciplinary approach, and the special status of the Vietnam National Commission for UNESCO, and UNESCO representative offices, alongside efforts to diversify resources and strengthen global partnerships to enhance the organisation’s effectiveness.

Regional media highlight significant step in Vietnam’s leadership structure

Regional media highlight significant step in Vietnam’s leadership structure

Under General Secretary and President Lam’s leadership, Vietnam is expected to maintain a balanced foreign policy, strengthen its regional standing and accelerate economic development, thereby improving living standards and creating new opportunities for international investors, according to the India-based platform Devdiscourse.

Laos identifies 10 key tasks to build independent, self-reliant economy

Laos identifies 10 key tasks to build independent, self-reliant economy

Laos will step up agricultural production to ensure food security, meet domestic demand and expand exports; encourage the development of agro-processing industries, including those related to rubber, aquatic products, cassava and sugarcane, as well as fertiliser and animal feed production, in order to increase added value and create jobs in rural areas.

Malaysia steps up cyber security resilience

Malaysia steps up cyber security resilience

To ensure accountability, Malaysia plans to finalise the Cybercrime Bill this year which addresses both cyber-dependent and cyber-enabled offences, introducing stricter penalties and prison terms to enhance deterrence.

US public opinion positive about PM Pham Minh Chinh’s visit

US public opinion positive about PM Pham Minh Chinh’s visit

Public opinion in the US is generally positive about Vietnamese Prime Minister Pham Minh Chinh’s trip to the US from September 17-23 to attend the 78th session of the United Nations General Assembly, which took place immediately after the upgrading of the Vietnam - US relations to a comprehensive strategic partnership on the occasion of US President Joe Biden’s official visit to Vietnam.