Gas prices rise in Europe to record levels

The price of gas in Europe set a new record, today, Monday, exceeding the level of 730 dollars per thousand cubic meters, according to daily trading data.
According to trading data, as of 9:30 Moscow time, the price of gas futures contracts, for the month of October on the Dutch “TTF” index, reached its maximum during a session, recording 730.1 dollars per 1000 cubic meters.

Trading opened at $713.1, then rose to 728.2 to reach $730.1 per 1000 cubic meters during the session.

Last month, the director of the Natural Resources and Commodities Group at Fitch, Dmitry Marinchenko, explained that gas prices rose on the European market by one and a half times compared to oil; Because of the decline in gas reserves in underground storage facilities, and European storage facilities now contain between 10 to 15 billion cubic meters of gas; Which is too low for a comfortable winter season.