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The price of gas on the stock exchange in Europe has updated a record, reaching almost $2,400 per 1,000 cubic meters

The price of gas on the stock exchange in Europe for the third day in a row updates a historical record and during today’s trading almost reached $2,400 per 1,000 cubic meters, according to the London Stock Exchange ICE.

The April futures price at the TTF hub in the Netherlands rose to $2,391.6 per 1,000 cubic meters, or €212 per MWh (based on the current euro/dollar exchange rate, ICE prices are in euros per MWh).

In general, the cost of gas has been growing by more than 31% since the beginning of trading.

The previous record for the cost of blue fuel was broken the day before – the price rose to $2,279 per 1,000 cubic meters, or €198.56 per MWh.

Growth of exchange quotations for gas is observed against the background of the fact that the USA, EU, Great Britain, as well as a number of other states announced the imposition of sanctions against a number of Russian legal entities and individuals after Russian President Vladimir Putin on February 24 announced a special military operation on Ukraine in response to the appeal of the leaders of the republics of Donbass for help.

Source: TASS