The price of the nearest (November) futures for TTF on the ICE Futures exchange on Wednesday afternoon reached 161 euros per MWh, or $1,924/1,000 cubic meters, according to exchange data.
Only this morning, the price of November futures topped $1,500/1,000 cubic meters.
All in all, the average value of the day-ahead contract at the TTF hub in the Netherlands, Europe’s main gas platform, was $759/1,000 cubic meters in September.
Europe, with a general shortage of gas supplies (by pipeline and in liquefied form), is being forced to compete for LNG with the premium Asian market.
Gas prices in Europe have recently had had an inextricable impact on Gazprom share prices.
