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Gas price in Europe surpasses $1,600 per 1,000 cubic meters

Gas price in Europe surpasses $1,600 per 1,000 cubic meters
# 02 March 2022 12:10 (UTC +04:00)

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).

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