The exchange price of gas in Europe rose to the highest since December 2022 against the background of the ongoing conflict in the Middle East and the low gas reserves ahead of the heating season. On October 26, the cost of November futures at the TTF center in the Netherlands exceeded $1,100 per thousand cubic meters. from. At the same time, the occupancy of gas storage facilities in Europe remained at the minimum level for this time of the year during the last 15 years. Experts interviewed by RBC explain the surge in prices and point out that Europe needs to compete with Asian countries for free LNG shipments instead and offer higher prices. If the supply from the Middle East is not restored and the winter turns out to be cold, prices will be above $1,100 per thousand cubic meters. m can be held until spring. RBC channel at max.

The exchange price of gas in Europe rose to the highest since December 2022 against the background of the ongoing conflict in the Middle East and the low gas reserves ahead of the heating season. On October 26, the cost of November futures at the TTF center in the Netherlands exceeded $1,100 per thousand cubic meters. from. At the same time, the occupancy of gas storage facilities in Europe remained at the minimum level for this time of the year during the last 15 years. Experts interviewed by RBC explain the surge in prices and point out that Europe needs to compete with Asian countries for free LNG shipments instead and offer higher prices. If the supply from the Middle East is not restored and the winter turns out to be cold, prices will be above $1,100 per thousand cubic meters. m can be held until spring. RBC channel at max.