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Natural gas prices in Europe exceed $2,600

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Natural gas price

Natural gas prices on the London Stock Exchange ICE record rose to more than $2,600 per thousand cubic meters for the first time since early March, according to the site.

At the time of publication, the September futures on the Dutch TTF hub were worth 250.395 euros per kilowatt-hour, or $2,693.17 per thousand cubic meters.

The sharp rise in the cost of gas in Europe on the exchanges is because there is a full shortage of this: gas, supplies from Russia have been reduced, LNG is expensive on the international market and it can not fully replace the supply of Russian gas, expensive petroleum products and coal.

The increase over the last 24 hours was 13.75 percent. The rise in gas prices is due to the abnormal drought in Europe and the interruption of Russian fuel supplies. The latter are now running at 20 percent of standard capacity.

We previously reported that Saudi Aramco sees no strong impact on its position in Asia.

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