Europe gas prices jump above $1,000 per 1,000 cubic meters
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Gas prices in Europe rise above $1,000 per 1,000 cubic meters, with the increase exceeding 8%.
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The Suja gas metering station on the Russia-Ukraine border
Europe's gas prices rose above $1,000 per 1,000 cubic meters again, according to ICE trading data.
The price of gas futures for February delivery at the TTF hub in the Netherlands was up at $1,010 per 1,000 cubic meters, or €86 per MWh. The increase in the gas price has so far exceeded 8% since trading opened.
Europe is to blame for gas price hike: Putin
Russian President Vladimir Putin had said on December 25 that the EU should only blame its own policies for the record gas prices, as some of its members resell cheap Russian gas at much higher prices within the bloc.
Putin called on the EU to agree to a novelty route for Russian gas - the Nord Stream 2 pipeline - to cut prices down.
The US, in addition to some eastern European countries, stand against the Nord Stream 2 pipeline coming into effect, contending that the line would increase Europe's dependence on Russian gas, which provides 35% of the bloc's gas demands. Germany and Belgium are yet to approve the pipeline, which was built in September.
"The additional gas supplies on the European gas market would surely reduce the price on an exchange, on the spot (market)," Putin said.
