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MOSCOW, Aug 9, 2024 (BSS/TASS) – Natural gas prices in Europe surged by 4.8% during today’s trading, surpassing $450 per 1,000 cubic meters and setting a new high for the year, according to data from the London-based ICE.
September futures at the TTF hub in the Netherlands increased to $454.60 per 1,000 cubic meters, or 40.31 euros per MWh.
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Investors are worried about the situation with gas transit through Ukraine following reports of a significant Ukrainian Army attack on Russia’s Kursk Region.
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The gas pipeline running through Ukraine via the Sudzha metering station in Kursk remains the sole Russian route for delivering gas to Central and Western Europe, especially after the Nord Stream pipelines were sabotaged.
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