The price of natural gas has fallen to $800 due to an increase in transit of the resource from Russia.

Thursday, November 11, 2021

Despite the ongoing deficit in Europe, Gazprom has not reserved any additional capacity and is using that which is already booked. This has resulted in Russian gas supplies to Europe remaining much lower than what is typical for this period. At the same time, the growth is taking place against the background of a sharp decline and depletion of storage facilities. Prices for December contracts range from €65-66 per MWh, which is approximately $800 per thousand cubic meters. During the day, prices fell by 8%.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post

The Ministry of Finance sold government bonds valued at ₴11.7 bln.

Next post

The Minister of Foreign Affairs, Dmytro Kuleba, met with the US Secretary of State, Anthony Blinken in Washington

Previous Main Topics