Cold raised price of gas in Europe

Gating prices in Europe increased to a maximum for almost two months (57 days) after a decrease in air temperature (from Monday to Thursday in Europe, a noticeable cooling with night temperatures is predicted to zero degrees), interfax transmits.

Contract with the supply on Wednesday in the Dutch Hab TTF went up to $ 249 / thousand. cube M, which is the maximum value from February 9. The average quotation “For ahead,” in March was $ 218, in February $ 219, in January – $ 257 per thousand cubic meters.

Since the beginning of the year, the average price of the contract “for a day ahead” on TTF was $ 220 per thousand cubic meters.

Europe at the end of March opened a gas injection campaign to underground storage. Gasovikov will have to compensate for the record selection over the past frosty winter – almost 69 billion cubic meters were raised from PCH. m, which is 24 billion cubic meters. M is larger than a year earlier. And now PCG take gas from the market, and not add it on cold days.

LNG supplies to the European market continue to grow from month to month. The current deliveries for April 2021 are lagging behind the average level for April 2020 by only 6%, and this gap is shrinking day by day.