MOSCOW (Pakistan Point News / Sputnik - 09th December, 2021) Gas contracts for January traded above $1,200 per thousand cubic meters at the end of the trading session at the Dutch TTF hub on Wednesday, 7.4% above their Tuesday value.
Futures opened at $1,145 at Dutch TTF, the European benchmark. They rose by up to 3% in a matter of hours before hitting Wednesday's high of $1,225, up 9.4% from the price of $1,120 recorded the day before.
Gas futures surged to their all-time high of $1,900 per thousand cubic meters in early October after post-pandemic recovery in Europe spurred demand and a rush to fill gas storage ahead of the winter season.
