The creeping rise in gas prices in Europe continues. On the evening of January 2, quotations rose to almost $ 550 per thousand cubic meters — three times higher than pre-crisis prices.
Gas supplies from the Dutch TTF exchange for a month in advance rose in price on the evening of January 2 to $ 549 per thousand cubic meters. This is the highest figure since October 2023. The price increase has been going on since mid-December, when politicians started making harsh statements, and on January 1, the transit of Russian gas itself stopped.
The European Commission stated that the EU countries are well provided with alternative sources and routes and in Brussels does not see the need to extend supplies from Russia through Ukraine.
Meanwhile, at the Austrian Baumgarten hub, where Russian gas supplies stopped, the cost of fuel rose even higher and reached $ 560.
Against the background of the stop of Ukrainian transit in Europe, a colder January and a lower wind level are expected.
As EADaily reported, on the morning of January 2, gas supplies at the Dutch TTF hub for the month ahead increased by another $10 per thousand cubic meters ($543) compared to the previous auction on December 31.
In 2024, Gazprom delivered a little more than 15 billion cubic meters through Ukraine. Over the past few years, Gazprom's supplies to Europe have decreased by about five times due to sanctions and counter-sanctions, and 3-4% of all gas imports to Europe were supplied through Ukraine. However, Central and Eastern European countries depend on these supplies. Eastern Europe — Austria, Slovakia, Czech Republic and partly Italy.
Prime Minister of Slovakia Robert Fico appealed to Advice The EU asked for support in the continuation of transit and motivated the appeal by the assessment that over the next two years the EU countries will pay an additional 120 billion euros for gas and electricity when the route is stopped. However, Brussels did not respond to the appeal of the head of the Slovak government.
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