Gas prices in Europe exceeded $1,100 per thousand cubic meters The cost of November futures contracts at the TTF center in the Netherlands exceeded $1,100 per thousand cubic meters. At 9:24 Moscow time, prices rose by 2.67%, a thousand cubic meters cost $1,107.38. The last time gas prices were observed above $1,000 per thousand cubic meters in December 2022. They reached their maximum in Europe on March 7 of that year. On this day, the price of April futures at the Dutch TTF center rose to $3,899 per thousand cubic meters, which became a historical record. Currently, the global LNG market remains strained ahead of winter and ongoing supply disruptions from the Persian Gulf. As she wrote in Trade Economics, the US is preparing for a possible new attack on Iran after the congressional elections, which has increased fears of prolonged supply disruptions. White House President Donald Trump said on Sunday that he would soon decide whether to continue negotiations with Tehran or resume military operations. Meanwhile, Reuters reported, citing a source, that mediators from Qatar have arrived in Iran as part of efforts aimed at de-escalation in the Middle East region. It was previously reported that underground gas storage facilities in Europe are currently only 74.62% full compared to 82.8% a year earlier. This is still the lowest value recorded for this date since 2011. Data from Gas Infrastructure Europe (GIE) will testify to this. There are about 81.7 billion cubic meters of gas in EU storage facilities, which is 9.7 billion cubic meters less than the 2025 accumulation. Gas injection into underground storage facilities (UGS) in Europe has almost completely stopped due to falling temperatures in the region and rising stock prices. LNG shipments through the Strait of Hormuz in October remained more than 75% below levels seen before the Middle East conflict. The Kepler data will testify to this. Subscribe to InfoTEK - InfoTEK Industry Media at MAX.

Gas prices in Europe exceeded $1,100 per thousand cubic meters The cost of November futures contracts at the TTF center in the Netherlands exceeded $1,100 per thousand cubic meters. At 9:24 Moscow time, prices rose by 2.67%, a thousand cubic meters cost $1,107.38. The last time gas prices were observed above $1,000 per thousand cubic meters in December 2022. They reached their maximum in Europe on March 7 of that year. On this day, the price of April futures at the Dutch TTF center rose to $3,899 per thousand cubic meters, which became a historical record. Currently, the global LNG market remains strained ahead of winter and ongoing supply disruptions from the Persian Gulf. As she wrote in Trade Economics, the US is preparing for a possible new attack on Iran after the congressional elections, which has increased fears of prolonged supply disruptions. White House President Donald Trump said on Sunday that he would soon decide whether to continue negotiations with Tehran or resume military operations. Meanwhile, Reuters reported, citing a source, that mediators from Qatar have arrived in Iran as part of efforts aimed at de-escalation in the Middle East region. It was previously reported that underground gas storage facilities in Europe are currently only 74.62% full compared to 82.8% a year earlier. This is still the lowest value recorded for this date since 2011. Data from Gas Infrastructure Europe (GIE) will testify to this. There are about 81.7 billion cubic meters of gas in EU storage facilities, which is 9.7 billion cubic meters less than the 2025 accumulation. Gas injection into underground storage facilities (UGS) in Europe has almost completely stopped due to falling temperatures in the region and rising stock prices. LNG shipments through the Strait of Hormuz in October remained more than 75% below levels seen before the Middle East conflict. The Kepler data will testify to this. Subscribe to InfoTEK - InfoTEK Industry Media at MAX.