European Gas Prices Rise Above $1,000 per 1,000 Cubic Meters
Natural gas prices on the TTF exchange rose following an acceleration in storage withdrawals across the continent.
European natural gas prices have returned to levels above $1,000 per 1,000 cubic meters, according to reports today (Wednesday) from Fars news agency and The Wall Street Journal. The price increase comes against the backdrop of an acceleration in gas withdrawals from storage facilities across the continent, a trend that is increasing pressure on the markets. Further details regarding the impact of the rising prices on the continent's energy consumption have not yet been released.