The starting price of natural gas fell by 7% last week. As of November 12, the weighted average price of the November resource in the GTS of Ukraine was UAH 35,770.55 ($ 1,365) per thousand cubic meters, and the resource in December, UAH 28,722.00 ($ 1,092) per thousand cubic meters. #EUgasPrices #NaturalGasPrice
Gas prices at Europe’s leading hub fell below $ 800 per thousand cubic meters, after Russia’s promises to increase gas reserves in storage from November reported The Financial Times. Gazprom has intentions to increase gas injections into the company’s underground storage facilities in Europe from November 2021. #EUgasPrices #GasFromRussiaToEU #GasPricesCrisis
The price of gas in Europe has risen again. The prices on the European ICE exchange again exceeded $1,200 per thousand cubic meters. In the course of trading on October 14, quotations rose to $ 1,225 per thousand cubic meters. Last week gas prices on the European ICE stock exchange fell to $ 1,110. Prior to that, the price of gas on the European futures market set another record. For the first time in history, it exceeded $ 1,900 per thousand cubic meters. It is worth noting that gas #EUgasPrices #GasPricesCrisis #GaspricesRising #GasShortage2021
With European gas prices at their highest in 20 years, Naftogaz is scrimping on purchases, gambling on starting the heating season in mid-October with one third less gas than the 28.4 billion cubic meters stockpiled last fall. Yuriy Vitrenko, Naftogaz CEO, said Tuesday the company plans to increase stocks to 19 bcm, only 6% above current levels. He said Ukraine traditionally enters the winter heating season with only 16 bcm in its underground storage reservoirs. #EUgasPrices #EUgasprices2021 #Naftogazpurchases #YuriyVitrenko
Prices on the European gas market hit $517 per 1,000 cubic meters on Monday . This is three times the level of $170 that Gazprom used in January to calculate its 2021 budget. Energy analysts say that Gazprom is forcing up the EU gas price to pressure regulators to commission the Nord Stream 2 gas pipeline this fall. #EUgasPrices #gaspricesforEU #GaspromGasPrices #GaspromIncreasedgasPrices
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.” #EUgasPrices #EUgasprices2021 #Gasprices2021 #GaspricesRising
High gas prices in Asia – a 20% premium over EU — are causing diversion of LNG cargoes away from EU to Asia, according to S&P Global Platts. LNG deliveries to EU terminals in July were down by almost one third compared to the pre-pandemic year of 2019. For Europe, LNG is the main alternative to Russian pipeline gas. #EUgasPrices #GaspricesRising #HighGaspricesAsia #LNGdeliveries
