The wholesale price of gas in Europe exceeded 1 euro per cubic meter for the first time since 2022, writes Bloomberg. This is a wholesale price for companies, not a rate for domestic consumers. On Monday, gas contracts for delivery next month rose 3.5%. At the same time, global gas reserves are limited, and supply disruptions due to the war in the Middle East intensify the competition for liquid natural gas between Europe and Asia. Reservoirs in the EU are around 75% full, the lowest at this time of year in the entire monitoring period since 2009.