The spot price of gas in Europe on August 25 rose sharply to more than $3,200 per thousand cubic meters.

The nearest September futures on the TTF hub in the Netherlands was traded today on the ICE Futures exchange at a price of $3,238.5 per thousand cubic meters.

Since the beginning of August, the average price for TTF was $2,230; in July, gas cost an average of $1,764 per thousand cubic meters..

The maximum price in Europe was recorded on March 7, 2022, when $3898 was given for the April futures..

Growth comes amid expectations of a temporary cessation of supplies via Nord Stream.

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Recall that the Russian gas monopoly Gazprom is stopping the pumping of gas through the Nord Stream gas pipeline from August 31 to September 2.. The reason for the shutdown is the maintenance of the Trent 60 gas compressor unit, the only one operating at the Portovaya compressor station at the starting point of the gas pipeline.