MOSCOW, November 30. /TASS/. The price of gas in Europe climbed above $1,600 per thousand cubic meters during Wednesday trading, for the first time since October, according to ICE data. The gas price has increased by almost 10% in total since the start of trading day.
December futures at the TTF hub in the Netherlands rose to $1,605 per thousand cubic meters, or to 149.68 euro per MWh (on the basis of the current euro exchange rate against the dollar, prices at ICE are in euro per MWh).
The price of gas in Europe is growing grows as gas intake from storage facilities is increasing due to colder weather and reduction of the average share of wind generation in the production of electricity.