November (nearest) futures on the TTF index (the biggest hub in Europe, located in the Netherlands) opened trading at $487.8 (+2.2%) per 1,000 cubic meters. Then their price amounted to $507.7 (+6.4%).
The dynamics of quotes are based on the settlement price of the previous trading day - $477.2 per thousand cubic meters.
The average settlement price of the nearest futures on the TTF index in September increased by 3.4% compared to August, to $408.5 per 1,000 cubic meters, and at the end of the third quarter it was about $380.
The reasons for the rise in exchange prices for gas in Europe in September could be traders’ expectations of a decrease in supplies of liquefied natural gas (LNG) from Australia due to strikes at large plants in the country, as well as gas from Norway.
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