Today, March 2, on the reference TTF hub in the Netherlands, April futures traded at €193.95 per 1 MWh, or $2,280.85 per 1,000 cubic meters. m.
At 12:35 Moscow time, prices increased by 43.5%, reaching the level of €174.6 per 1 MWh.
The last record high was recorded on December 21 last year, when the price of gas in the European region was at $2,138 per 1,000 cubic meters. m. At the same time, the average price for TTF for February was at the level of $935.
The price of gas in Europe is growing after the sanctions announced by Western countries against Russia. European vaults are now less than 30% full. By the end of February, there was almost a quarter less gas in storage than a year ago.
At the same time, despite the sanctions, Gazprom continues to supply gas to Europe through the territory of Ukraine.