Gas price in Europe reaches $ 1110 per thousand cubic meters

By ten o'clock in the morning, the cost of a gas futures shipped in November at the TTF hub in the Netherlands exceeded 91.84 euros per megawatt-hour or $ 1101.6 per thousand cubic meters.

Two days earlier, the price of gas in Europe exceeded the historical mark of $ 1,000 per 1,000 cubic meters for the first time.

Gas prices in Europe are skyrocketing amid declining reserves in European storage facilities and limited gas supplies. By mid-September, gas reserves in Europe were estimated at 70%, which is 15% lower than for this period in previous years.

The European Parliament has previously asked the European Commission to verify the involvement of the Russian "Gazprom" in the rise in gas prices in Europe. The Russian company is suspected of market manipulation, which has led to an increase in energy prices.

In an interview with Novye Izvestia, the executive director of the capital market department at Univer Capital, Artem Tuzov, noted that Gazprom could in no way be involved in the rise in gas prices in Europe. Gas prices will fall again when European storage facilities fill up, he said.

"Nothing critical is happening, except that European politicians are trying to blame Gazprom for the rise in gas prices, while European gas suppliers and Gazprom itself are proving that they have increased supplies by 30%". "It cannot be the source of high prices. The source of high prices is Asia, but it is not accepted to blame it in Europe", - he commented.