MOSCOW, October 30. /TASS/. The spot price of gas on the exchange in Europe surpassed $1,200 per 1,000 cubic meters during Friday trading for the first time since December 2022, according to TASS calculations based on data from major trading hubs in Europe.
Specifically, day-ahead prices at the TTF hub reached $1,204 per 1,000 cubic meters, or around 104 euros per MWh.
Meanwhile the price of December gas futures contracts at the TTF hub in the Netherlands has risen to around $1,190 per 1,000 cubic meters, or 102.76 euro per MWh, according to data from London's ICE exchange.
Gas prices in Europe have been climbing amid historically low storage levels ahead of the upcoming winter and the ongoing conflict in the Middle East.
Gazprom chief executive Alexey Miller has said that the price of gas in Europe exceeded the $1,200 per 1,000 cubic meters mark, adding that it could even climb to $2,500 if winter temperatures are low.
Russian President Vladimir Putin has not ruled out the possibility that gas prices in Europe could rise to $1,500 per 1,000 cubic meters.
