EU gas prices have spiked to historic highs, increasing 10-fold on the Dutch TTF in the last 15 months,

said Serhiy Makogon, the Director General GTS Ukraine Operator, wrote yesterday on Facebook. “Today at the European hub TTF, the price of gas with delivery next month crossed the border of 40 euros per megawatt-hour,” he wrote. “This is a historic maximum. And this is 10 times more than in May last year.”