
AI-generated summary
The conflict in the Middle East has led to a significant rise in gas prices in Europe this year.
Exchange prices for gas in Europe on Friday afternoon accelerated the decline to 2% and reached the level of $846 per thousand cubic meters.
October futures on the TTF index opened trading at $857.5 and dropped to $846 by 14:30 Moscow time.
MOSCOW, October 2 - RIA Novosti. Exchange prices for gas in Europe on Friday afternoon accelerated their decline slightly - to 2%, at the level of $846 per thousand cubic meters, according to data from the London ICE exchange.
October (nearest) futures for the TTF index (Europe's largest distribution center located in the Netherlands) opened trading at $857.5 (-0.7%), as of 9.10 Moscow time the figure was $847.6 (-1.8%), and at 14.30 Moscow time - $846 (-2%).
The dynamics of quotes are based on the settlement price of the previous trading day - $863.4 per thousand cubic meters.
The conflict in the Middle East has led to a significant rise in gas prices in Europe. Average exchange prices for March ultimately increased by almost 60% compared to February, exceeding $600 per thousand cubic meters.
All these months, quotes remain volatile. At the end of July, estimated prices jumped by almost 20% in monthly terms, averaging $637.5 per thousand cubic meters. At the end of August, the average settlement price was $745.4 per thousand cubic meters, which is 17% higher than the July level, and at the end of September - $897.1 (20% higher than the August level).
At the beginning of September they broke through $900, and in the middle of the month, briefly, and $1000 per thousand cubic meters.

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