3.5% daily increase in the price of gas in Europe at the TTF hub in the Netherlands, which increased to $601.5 per 1,000 cubic meters. This is the maximum value since October 2023.

gas prices in Europe are rising in anticipation of increased demand due to the cold snap amid Ukraine’s shutdown of gas transit from Russia

The gas crisis in the EU is gaining momentum. Gas storage facilities in the European Union are currently 51.3% full. This is 25.5% less than a year earlier.

KRISTALL OF GROWTH previously reported that, according to Bloomberg, Europe, which has abandoned gas from Russia, now faces a difficult choice: “pay exorbitantly or pray.”