The price of gas is at its highest since December 2022 at 89 euros

The price of gas has been at its highest since December 2022 on the TTF square in Amsterdam. In fact, futures contracts for the month of November rise by 1.7% to 89 euros per MWh, a value last reached on 1 December 2022 and still well below the historic high of 237.94 euros on 1 August of the same year. A surge due to the accident involving an oil tanker the day before, which hit a naval mine in the Strait of Hormuz the day before, causing an explosion on board the vessel.

However, Italian gas stocks are close to 90% 10 days after the end of the storage season. According to the Gas Infrastructure Europe (Gie) association, which brings together the managers of European networks, reserves in Italian deposits have reached 89.67% at 182.41 TWh, the objective set by both the EU and Arera in view of the winter. The EU is 74.47% at 843.65 TWh, while Germany is significantly further behind at 61% at 150.91 TWh.