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Gas futures in Europe top $3,500 per thousand cubic meters

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Aug 2022 19:46
1 Min Read

For the first time since March, the gas futures in Europe top $3,500 per thousand cubic meters.

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  • Gas futures in Europe top $3,500 per thousand cubic meters
    The last day's settlement of $3,290.2 became a record for the whole period of operation of gas hubs in Europe, since 1996.

Gas futures prices in Europe on Friday surpassed $3,500 per thousand cubic meters for the first time since March. 
 
As of 14:39 GMT, the futures (TTF hub) are growing by 6.6% to $3,507.7 per thousand cubic meters. The last day's settlement of $3,290.2 became a record for the whole period of operation of gas hubs in Europe, since 1996.

In March, European gas futures reached an all-time high of over $3,600 per 1,000 cubic meters, according to the London-based ICE exchange.

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