The price of gas on the exchange in Europe surpassed $800 per 1,000 cubic meters as Monday trading opened for the first time since January 2023 amid rising oil futures contracts and the escalating conflict in the Middle East, according to data from London’s ICE, TASS reported.
The price of April futures contracts at the TTF hub in the Netherlands has jumped to around $820 per 1,000 cubic meters, or 68.635 euro per MWh (based on the current exchange rate of euro to dollar, figures for ICE are presented in euros per MWh).
The price growth since the beginning of the day has exceeded 27%.
MNA
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