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Energy crisis in Europe

Gas price trading above $620, first time in two years

According to data from Gas Infrastructure Europe, the gas reserves in underground storage facilities in Europe dropped to 49%, while the rate of withdrawal in February was almost 60% higher than in 2024

MOSCOW, February 10. /TASS/. The price of gas in Europe during exchange trading on Monday exceeded $620 per 1,000 cubic meters for the first time since February 7, 2023, according to data from the London ICE exchange. The growth since the beginning of the day is more than 4%.

The price of February futures on the TTF hub in the Netherlands rose to $626 per 1,000 cubic meters, or 58.645 euro per MWh (based on the current euro to dollar exchange rate, ICE prices are presented in euro per MWh).

TASS reported earlier, citing data from Gas Infrastructure Europe, that gas reserves in underground storage facilities in Europe had dropped to 49%, while the rate of withdrawal in February was almost 60% higher than last year. However, gas volumes in underground storage facilities are still the fourth highest in history for early February. Since the start of the heating season, the EU has withdrawn more than 54 bln cubic meters from underground storage facilities, which already significantly exceeds the volume pumped into them for the autumn-winter period.

The first half of the current week in Europe is expected to be relatively warm, but a serious cold snap is predicted closer to the weekend. The share of wind generation in EU electricity generation in January averaged 21%, while in the first days of February it was only around 13%.

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Energy crisis in Europe

Russian stock indices rising on Monday — market data

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The Kremlin spokesman also noted that the United States continues its efforts "to bring the process to a peaceful track"

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"The Trump administration is interested in searching for a balance of interest", Russian Foreign Minister added

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Rodion Miroshnik noted that Vladimir Zelensky failed in the two previous ceasefires

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Putin extends deadline for foreigners to legalize their stay in Russia

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Trump said truth about Crimea’s ownership — Lavrov

"This is a done deal," the top Russian diplomat stressed

Rubio recounts Paris meeting on Ukraine held in the spirit of Russia-US talks — Lavrov

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Russia continues its special military operation but is ready to start negotiations with Ukraine without preconditions, Dmitry Peskov stressed

Houthis report delivering strikes on USS Harry Truman

US aircraft carrier was attacked in the northern part of the Red Sea

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Rada acknowledges Kiev's involvement in terrorist attack against Russian general

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Ball in Ukraine talks not in Russia's court, Kiev unwilling to negotiate — Lavrov

The Russian foreign minister emphasized that Vladimir Zelensky's regime lacks the political will for peace and is unwilling to abandon the continuation of the war

Zelensky asking Trump for weapons at Pope's funeral 'absolute mockery' — lawmaker

"This risks undermining Trump’s peaceful initiatives and may cause more escalation and civilian deaths," Mikhail Sheremet warned

Trump says Zelensky asked for more weapons at Rome meeting

US president noted that "he's been saying that for three years"

North Korean soldiers participated in liberation of Sudzhansky district of Kursk Region

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