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The cost of gas at auction in Europe has topped $2,300 per thousand cubic meters, reports the Moscow Post correspondent, citing data from London-based exchange ICE Futures.

Since the start of trading, the cost of “blue fuel” on the stock exchange has increased by about 7.7% and fluctuates at 2,316 dollars per thousand cubic meters. Gas trading last Tuesday, July 26, stopped at $2,200 per thousand cubic meters. The last time similar fuel price indicators were recorded in March 2022.

Gas prices in the EU are rising amid a message from Russia’s Gazprom about cutting fuel supplies through the Nord Stream gas pipeline. It will only be able to pump 20% of the nominal capacity per day, or 33 million cubic meters per day.

The historical maximum gas price in the EU is just under $4,000 per thousand cubic meters.

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