Gas price in Europe sets a historical record

For the first time in history, the price of natural gas in Europe exceeded $2,000 per thousand cubic meters.

By 1:58 pm Kyiv time, the cost of gas with delivery in January reached €174.61 per MWh, which is approximately $2,094 per thousand cubic meters.

Photo: ICE Futures

To recap, natural gas prices are quoted in euros per MWh. To calculate the cost in thousand m3, you need to multiply the price in MWh by a factor of 10.6, and then recalculate at the exchange rate in dollars.

Since December 13, natural gas prices have remained at over $1,380.

To recap, Gazprom has suspended gas transit to Germany.

As reported, the new German government sees no reason to launch Nord Stream 2.

Tags: Gazprom, EU, gas transit, RF, heating season, price, Germany, natural gas, crisis, thermal energy, Europe

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