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Gas price in Europe hits $1,340 per 1,000 cubic meters

Gas price in Europe hits $1,340 per 1,000 cubic meters
# 16 November 2022 09:58 (UTC +04:00)

The price of gas in Europe climbed to $1,340 per thousand cubic meters during Tuesday trading, according to ICE data. Gas prices increased by over 8% in total over the day, APA reports citing TASS. 

December futures at the TTF hub in the Netherlands rose to $1,340 per thousand cubic meters, or to 124.645 euro per MWh.

The rise in gas prices in Europe resumed as temperatures in the region started to drop.

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