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Gas price in Europe has renewed its historical maximum – more than $ 1400 per 1,000 m³

Since then, the gas price several times updated the record of the last three years and September 15 approached all-time highwhich was installed in March 2018. Then the cold front “Beast from the East” raged in Europe and the cost of gas soared to $ 1,000 per 1,000 m³.

On September 20, Gazprom once again refused to book additional capacity for gas transit through Ukraine. Thereafter, the price of the October TTF spot gas futures during trading soared to $ 918 per 1,000 m³.

A group of MEPs said that Gazprom may be to blame for record gas price hikes in Europe and in market manipulation, Bloomberg reported on September 20. Gazprom denied these accusations.

According to Reuters, Gazprom, as well as the Norwegian company Equinor covers 60% of the entire EU gas market and benefited the most from the price hike for spot gas. According to the agency’s calculations, the price of gas in Europe has recently increased by 300%.

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