Gas prices in Europe hit new all-time high, reaching over $3,600
Gas prices in Europe skyrocketed on Monday, reaching over $3,600 per 1,000 cubic meters for the first time in history.
The April futures at the TTF hub in the Netherlands soared to $3,639.1 per 1,000 cubic meters, or nearly $350 per megawatt-hour in household terms, according to data from London’s ICE exchange, RT reported.
Prices continue to grow as market players fear the outcome of the ongoing Russian military offensive in Ukraine. Meanwhile, Russian state energy giant and major gas exporter Gazprom said Monday it continues to routinely supply Russian gas for transit to Europe through the territory of Ukraine.
