The price of the natural gas in Europeall after the extremely bearish prices of last week. In fact, at the reference hub, the Amsterdam market, shortly after the start of negotiations the price returned to above 100 euros per megawatt hour, to be precise a few minutes before 9 am the price of gas had shot up to 103 megawatt hours.
To understand the extent of the rise, think that on Friday at the same market in amsterdam gas had closed at 98.5 euros, down sharply.
Contributing to the new upside, forecasts of colder temperatures across Europe after that the climate had been particularly mild until today (actually, surprisingly mild). Therefore, due to the lowering of temperatures, there will be an impact on the stocks of individual countries, which will lead to an increase in prices. A price increase that once again plays in favor of Vladimir Putin, who with the raw material finances a large part of his invasion of Ukraine.
