Economy

The price of gas in Europe exceeds 1500 dollars per thousand cubic meters

 

Gas prices in the European market exceeded 1500 dollars per thousand cubic meters, amid the weak contribution of alternative energy sources.

The price of the January TTF futures contract on the ICE futures exchange came to €132,995 per megawatt-hour, or $1,550 per thousand cubic metres. At the same time, in November, prices per cubic meter of gas were in the range of $ 945, in December – $ 1182.

In Europe, electricity production from renewable sources has decreased significantly. On December 13, the contribution of wind generation to electricity generation in European countries was only 10.1%, on December 14 – 9.9% (with an average value of 15.6% per week from December 6 to December 12), according to data from the WindEurope Association.

The day before, the cost of gas on the European market exceeded $1,500 per thousand cubic meters for the first time since October 6.

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