Gas prices in Europe have approached $ 2,900 per thousand cubic meters

Compressor station “Port” in the pipeline “Nord stream”. Archive photo

Futures prices for gas in Europe on Wednesday after stopping the gas pipeline “Nord stream” grow by 5% and close to 2900 dollars per thousand cubic meters, according to the London exchange ICE.

Next — October — futures (index largest European hub TTF) opened trading at the level of 2792,6 dollars per thousand cubic metres (+1,8%). As of 9.21 GMT futures are traded on 2883,1 dollars per thousand cubic meters (+5%). Dynamics of reproduced from the settlement prices of the previous day — 2743,5 dollars per thousand cubic meters.

In early March quotes of gas in Europe because of fears of a ban on imports of Russian energy four days in a row was updated historical highs. The record price in 3892 dollars per thousand cubic meters was achieved on March 7.

The last price hike on the European gas markets was due to the uncertainty of gas supply. The company “Gazprom” on 19 August, said that “Nord stream” due to routine maintenance the only working gas compressor unit compressor station Portovaya stop for three days, from 31 August to 2 September.

Futures contracts for the supply of gas in September (TTF) after the news has jumped by almost 8% higher than the $ 2,700 per thousand cubic meters, and then for the first time since March exceed $ 3,500.

Gazprom earlier on Wednesday confirmed that the supply of “Nord stream” is stopped, start the planned work on the pumping unit.