Gas Futures Prices in Europe Top $2,000 per 1,000 Cubic Meters for 1st Time

Fire gas stove - Sputnik International, 1920, 21.12.2021
MOSCOW (Sputnik) - Gas futures prices in Europe on Tuesday topped record $2,000 for 1,000 cubic meters minutes after breaking another record of $1,937.
As of 11:53 GMT, the price of ICE futures for Dutch index TTF reached $2,004 per 1,000 cubic meters, which is almost 17% higher than Monday's settlement price of $1,716.7.
Earlier in the day, the price of ICE futures on the Dutch index TTF has topped record $1,953 per 1,000 cubic metres.
Europe has been experiencing skyrocketing natural gas prices since autumn amid a growing demand for energy in the post-pandemic global economy and limited flow from major suppliers.
Back in early August, the estimated price of the nearest futures on the Dutch TTF index was about $515 per thousand cubic metres; by the end of September, the price had more than doubled.
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