The main reasons behind the price rise include record-breaking gas withdrawals from European storage facilities amid a temperature drop, statements about Russia ending gas supplies to Austria’s OMV and risks for Russian gas payments due to US sanctions on Gazprombank.
Gas futures traded at $432 per 1,000 cubic meters on October 31, while on November 29, trading closed at $521, a 21% rise compared to the level recorded at the end of the previous month.
AzVision.az
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