Why did gas prices rise in Europe?
According to the report of an economic reporter, quoted by Tas, the company IntercontinentalExchange of London reported that the price of gas per 1,000 cubic meters reached $546 in the latest transactions on the TTF virtual exchange in the Netherlands.
This price has increased by 2% compared to Friday and is the highest rate in more than 2 months.
The reason for the increase in gas prices in Europe is the rapid withdrawal of the gas reserves of this union, in such a way that European countries withdraw more than one billion cubic meters of gas from these reserves every day; This issue has caused the amount of gas stored in European gas warehouses to reach less than 60%, while Europe has started this year’s cold season with full warehouses. was.
The rate of extraction of one billion cubic meters per day by European countries from their stored gas in the last 4 years has been unprecedented.
Since the beginning of the cold season, European countries have consumed a total of 42 billion cubic meters of gas in their warehouses.
The International Energy Agency has predicted that gas prices in Europe will increase by 30% this year compared to last year.
According to Mehr, since the beginning of 2025, Ukraine has stopped the transfer of Russian gas to Europe from its territory, and this has limited Europe’s ability to supply its own gas.
