The price of gas in Europe rose above $2,800 per 1,000 cubic meters during Monday trading for the first time since early March, extending gains amid reports on suspension of supplies via Nord Stream for three days starting August 31 due to repair works, according to data provided by London’s ICE.
The price of gas futures for September delivery at the TTF hub in the Netherlands went up to $2,862 per 1,000 cubic meters, or 275.965 euro per MWh (on the basis of the current euro exchange rate against the dollar, prices at ICE are in euro per MWh).
The increase in the gas price since the beginning of trading almost totals 13%.
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