MOSCOW, May 12. /TASS/. The price of gas in Europe exceeded $1,200 per 1,000 cubic meters during Thursday trading, according to data provided by London’s ICE.

The price of gas futures for June delivery at the TTF hub in the Netherlands went up to $1,236.3 per 1,000 cubic meters, or 114.745 euro per MWh (on the basis of the current euro exchange rate against the dollar, prices at ICE are in euro per MWh).

The total increase in the gas price during the day has surpassed 20%.

On Tuesday, May 10, the Gas Transmission System Operator of Ukraine (GTSOU) said it would shut down transit of gas to Europe via the Sokhranovka station starting May 11 due to force majeure as the company could allegedly not control the Novopskov gas compressor station in the Lugansk Region. As a result, transportation nominations would be rejected, with gas not to be accepted.

Moreover, the Russian government approved on Wednesday a list of legal entities, which are subject to retaliatory sanctions. The list contains 31 organizations from Germany, France and other European countries, as well as Singapore and the United States. Among them are particularly former European subsidiaries of Gazprom, traders, operators of underground gas storage facilities, as well as a joint venture of Gazprom and the Polish PGNiG, which owns the Polish section of the Yamal-Europe gas pipeline. Foreign energy companies blacklisted by Moscow will not be able to participate in the process of Russian gas supplies any more, Kremlin Spokesman Dmitry Peskov said, adding that restrictions against them are blocking.