Gas price in Europe is above $1000 per thousand cubic meters again

The spot price of gas in Europe has again exceeded $ 1000 per thousand cubic meters after one-day subsidence below this level, Interfax-Ukraine reports.

On Tuesday, the price of the nearest (December) futures on TTF on the ICE Futures exchange reached €90.695 per MWh or $1,054 per thousand cubic meters. Bidding opened at $998 and had previously dropped to $959 per thousand cubic meters.

A further seasonal decrease in air temperature is expected in Europe this week. On average, November in the region is almost two degrees colder than a year earlier.

The new week kicked off with a weak wind power performance - it provided only 12.6% of Europe's energy balance, with an average of 14.8% (maximum 19.7%) over the past week. In the coming days, light winds are expected in the region, which reduces the possibilities of wind generation.

To recap, the Department of State imposes new sanctions against Nord Stream 2.

As reported, Ukraine wants to extend the transit contract with Russia for 15 years.

Tags: Gazprom, gas, wind energy, energy market, GTS, RF, pipeline, price, gas supplies, volumes, natural gas, Europe

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