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Natural gas price in Europe above $1,000 per 1,000 cubic meters

Gas prices in Europe are soaring amid record low inventories in storages before the coming winter

MOSCOW, October 13. /TASS/. Natural gas prices in Europe hit $1,000 per thousand cubic meters for the first time since this September and are on their highs since 2022, according to London-based ICE.

November futures on the TTF hub in the Netherlands surged to about $1,003 per 1,000 cubic meters or 86.675 euro per MWh.

Spot prices on main trading hubs in Europe are also above $1,000 per 1,000 cubic meters at present.

Gas prices in Europe are soaring amid record low inventories in storages before the coming winter and the continued conflict in the Middle East.