Russian media: European gas prices soared nearly 3 times this summer

On August 30, 2022 local time, a Russian-European natural gas receiving and distribution facility in Lubmin, Germany. Vision China Figure

According to TASS news agency reported on September 1, according to data calculated by London's Intercontinental Exchange (ICE) and TASS news agency, as of the end of summer (August 31), the price of natural gas in Europe had soared nearly 3 times, reaching About 2,500 US dollars (about 17,300 yuan) per 1,000 cubic meters.

reported that on June 1, the price of natural gas futures was about $960 (about 6,625 yuan) per 1,000 cubic meters. The trading session on August 31 closed at $2,490 (about 17,200 yuan) per 1,000 cubic meters, a 2.6-fold increase from the early summer (June 1). During this period, the highest price of natural gas in Europe once reached US$3,541 (about 24,000 yuan) per 1,000 cubic meters, close to the record of nearly US$3,900 (about 27,000 yuan) set on March 7.

The average natural gas price in Europe is about $1,240 (about 8,558 yuan) per 1,000 cubic meters in June, $1,850 (about 12,800 yuan) per 1,000 cubic meters in July, and 2,515 per 1,000 cubic meters in August. US dollars (approximately RMB 17,400). According to the report, the sharp reduction in the gas volume of the Russian-European gas pipeline is one of the main factors for the surge in natural gas prices in Europe. In addition, the seasonal factors of Asian liquefied natural gas purchases also affect European natural gas prices.