The price of gas in Europe during trading on the London ICE exchange on Monday exceeded $ 1,100 per 1,000 cubic meters after the opening of trading fell below $ 1000, according to the data of the trading floor.
The cost of November futures on the TTF hub in the Netherlands has now settled at $ 1123 per 1,000 cubic meters.
On Wednesday, October 6, TTF set a new all-time high when the gas price exceeded $ 1,900 per 1,000 cubic meters, but after that began to decline rapidly. By the close of trading, the index fell one and a half times.
The high volatility of prices in the European gas market is associated, among other things, with the low occupancy of gas storage facilities ahead of the coming winter.