The price of gas in Europe surged to over $1,600 per 1,000 cubic meters during Wednesday trading, according to data provided by London’s ICE. The total increase in the gas price has reached 15%, APA-Economics reports citing TASS.
The price of gas futures for April delivery at the TTF hub in the Netherlands went up to $1,607 per 1,000 cubic meters, or 140 euro per MWh (on the basis of the current euro exchange rate against the dollar, prices at ICE are in euro per MWh).