Spot Market Prices Spiral on European Gas

The gas price in Europe rose above $1,300 per 1,000 cubic meters at the opening of exchange trading on Monday, Dec. 13, for the first time since the beginning of October. The price of gas futures for January delivery at the TTF hub in the Netherlands was $1,344 per 1,000 cubic meters, or €114.3/MWh (on the basis of the current euro exchange rate against the dollar–prices at ICE are in euros per MWh). The increase of the gas price since the close on Friday, Dec. 10 was 8%..