European gas futures open 8% rise due to lack of supply growth in region – ICE Futures

The price of gas futures in Europe opened on Monday with an 8% increase to $ 960 per 1,000 cubic meters as the regional market saw no increase in supplies, according to data from the ICE exchange. Futures.

MOSCOW (UrduPoint News / Sputnik – November 8, 2021) The price of gas futures in Europe opened trading on Monday with an 8% increase to $ 960 per 1,000 cubic meters as the regional market saw no increased supplies, according to data from the ICE Futures Exchange.

According to the Dutch TTF index – the most liquid European hub, the price of December gas futures edged up slightly, rising in the first few minutes of trading to $ 951 per 1,000 cubic meters, an increase by 7%, at 07:00 GMT. .

The dynamics of futures contracts are calculated on the stock exchange from the estimated price of the previous trading day.

On Friday it stood at $ 880.

On Monday, Russian energy giant Gazprom planned to complete the pumping of gas to underground storage facilities (UGS) in Russia to ensure an uninterrupted supply of gas to the domestic market in winter and to start increasing. the supply of European SKUs. However, according to the German gas transmission system operator Gascade, deliveries via the Yamal-Europe pipeline from the Polish sector to the German sector remain at zero although the reverse deliveries from Germany to Poland have decreased.

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