According to ICE Futures, the price of blue fuel on European exchanges fell by 2.7% to $890 per thousand cubic meters from Wednesday’s settlement price, it was reported
By the close of trading on Wednesday, the cost of gas futures in Europe was $950 per thousand cubic meters. Experts believe the jump in blue fuel prices could be caused by Gazprom’s refusal to book additional capacity for pumping gas through Ukraine in the first quarter of 2022, as well as capacity of the Polish section of the Yamal-Europe pipeline.
At the opening of trading on the Dutch TTF index, which is the most liquid European hub, the price of gas was $935.6 per thousand cubic meters, but by 10:16 Moscow time the price had fallen to $890.
Recall that the price of blue fuel increased sharply at the end of summer from the level of $515 per thousand cubic meters. On October 6, the price of gas reached an all-time high of $1,937. Experts note that Russian President Vladimir Putin’s statement about his readiness to help Europe stabilize energy prices helped lower gas prices on European exchanges.