Gas prices in Europe have increased. It became known what happened.
On Monday, August 21, gas prices rose sharply in Europe. This is evidenced by data from the London ICE exchange.
Experts note that this happened after news that Australian unions at Woodside Energy Group's offshore gas platforms located on the North-West Shelf announced plans to go on strike on September 2. This could disrupt supplies of liquefied natural gas to the world's leading exporter.
Thus, as it became known, September futures for the TTF index (Europe's largest hub in the Netherlands) opened trading with a rise of 16.5% to $478.1 per thousand cubic meters.
Later, the cost of “blue fuel” rolled back to $458.8 (an increase of 11.8%).
The dynamics of quotes are based on the settlement price of the previous trading day of $410.4.
It is also worth recalling that last Wednesday gas prices crossed the threshold of $450 per thousand cubic meters for the first time since June 21 and rose to almost $500 during trading.
