Moscow
Natural gas prices in Europe hit record highs in Tuesday’s trading, exceeding $1,000 per 1,000 cu-bic meters for the first time in history, data from the Intercontinental Exchange (ICE) shows.
The price of October futures on the Dutch TTF exchange surged to $1,031.30 per 1,000 cubic me-ters, with the overall increase in gas prices since the beginning of the trading day exceeding 11%.
The price of November futures on the TTF has reached almost $1,040 per 1,000 cubic meters, RT reported.
European gas prices may continue to rise and break new records in the event of a cold winter and a physical shortage of gas on the market, according to international rating agency Fitch.
“The main test for gas prices and consumers will be in winter – in case of cold weather and physical shortage, prices may soar even higher than now. —TLTP
