Gas prices in Europe took off due to heat

Gas prices in Europe took off due to heat on space up to $ 363 per thousand cubic meters. This is the maximum indicator since the beginning of March 2018. Reports about it “Interfax”.

The average price of the contract “For a day ahead” on TTF from the beginning of 2021 was already 264 dollars per thousand cubic meters. The Budget “Gazprom” for the current year laid the average price of gas exports to far abroad at $ 170 per thousand cubes.

Heat provokes an increase in energy consumption for air conditioning – power plants are consumed more than gas, which could be filled with reserves in PCGs, caught cold winter.

Over working days from 14 to 18 June, the injection in the European Union of Europe was reduced by an average of 17 percent in relation to the average for these dates over the past five years. Currently, the level of gas reserves in the PCG – 44.33 percent – represents the minimum value of this indicator in the entire history of the GAS infrastructure europe base.

Earlier it was reported that in Europe there is so lack of natural gas that the region has switched to coal. This is the only opportunity to meet the demand for electricity, which is now returned to the dapendy level. The use of coal in Europe jumped 10-15 percent this year after the cold and long winter led to the depletion of gas storages. Reserves are currently 25 percent below the average five-year level.

/Media reports.