Exchange gas prices in Europe on May 21 increased by 1.6%, to USD 437.3 per thousand cubic meters.
This was reported by enkorr, citing data from the London ICE stock exchange.
The report said that trading in June futures on the TTF index, a key European gas hub in the Netherlands, started at 9:00 am Kyiv time at USD 435.8 per thousand cubic meters, which is 1.3% higher than the previous indicator.
At 9:20 am, the price rose to USD 437.3, adding 1.6%.
Compared to the settlement price of the previous day (USD 430.3 per thousand cubic meters), there is a positive trend.
In mid-February, the cost of gas on the European exchange was significantly higher, for the first time in two years exceeding the level of USD 630 per thousand cubic meters.
On average, last year, gas futures traded for USD 386.5, which is 16.3% less than the previous year.
The highest gas prices were observed in 2021-2022.
Such a steady increase in prices was unprecedented since the establishment of gas hubs in Europe in 1996.
The record mark of USD 3,892 per thousand cubic meters was recorded in early spring 2022.
As Ukrainian News Agency earlier reported, in early May, European gas prices rose against the backdrop of growing demand in Asia and reduced supplies from Norway.
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