In Ukraine, since the beginning of December, prices for blue fuel have increased by 48% – up to UAH 55 thousand.
The price of the January futures on the Dutch TTF index as of 9 am today exceeded 149 euros per MWh / photo UNIAN, Alexander Velmozhko
Spot gas prices in Europe in January rose to $ 1.9 thousand per thousand cubic meters.
This is evidenced by the data on exchange ICE Futures.
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The price of the January futures on the Dutch TTF index as of 9 am today exceeded 149 euros per MWh (1.92 thousand dollars per thousand cubic meters). Thus, since the beginning of December, prices have increased by 90%.
The price increase is taking place against the backdrop of Gazprom’s failure to fulfill its promise to increase the volume of gas pumped into European storage facilities and the forecasted deterioration of weather conditions in Europe in the near future.
According to the Ukrainian Energy Exchange, the weighted average cost of gas at European hubs to the Ukrainian border as of December 19 jumped to UAH 55,000 per 1,000 cubic meters. Thus, since the beginning of December, prices have increased by 48%.
Gas prices in Ukraine correlate with prices at European hubs, since our country has been an integrated part of the European gas market since 2015 and imports from Europe about 30% of the total gas consumption.
On October 5, the selling price of gas in Europe reached almost $ 2 thousand per thousand cubic meters, which became an absolute record.
As of December 14, 2021, gas prices in Europe have risen to a new all-time high.
On December 15, spot gas prices in Europe in January exceeded $ 1.5 thousand per thousand cubic meters, increasing daily by 7%.
On December 16, 2021, the cost of gas in Europe exceeded $ 1,700 per thousand cubic meters.
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