Source: Tanjug | Sunday, 17.10.2021.| 11:32
Highlight an article Print out the news

Gas Price in Europe Once Again Exceeds USD 1,250

Illustration
Illustration (Photo: nostal6ie/shutterstock.com)
The gas price in Europe has surpassed USD 1,250 per 1,000 cubic meters, according to data provided by London’s ICE exchange.

The price of gas futures for November delivery at the TTF hub in the Netherlands currently stands at USD 1,254.5 per 1,000 cubic meters, that is, EUR 104.5 per kWh, the Russian agency TASS reports.

The British Reuters reports that Deputy Prime Minister Alexander Novak said on Friday that Russia could resume spot gas sales after it finishes filling its storage reserves, a step that could ease pressure on prices in Europe.

He added that gas production in the country was at its maximum and that, in October, the average Russian oil production is 9.8 million barrels a day.

His comments came as Russia faces pressure to step up gas shipments to Europe where prices have rocketed this year, Reuters writes.

Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE