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European gas prices hit another record high on low supply



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The price of natural gas in the European market has set yet another record, exceeding $730 per thousand cubic meters, trading data shows. The commodity now costs five times its 2020 price.

The price of October gas futures at the launch of the Monday trading session was $713.10 per thousand cubic meters, jumping to $728.20 by 7:30 GMT and quickly reaching $730.10 a little after that, the Dutch TTF index shows. The previous gas price record on the European market was set last Friday, when it reached $710 per thousand cubic meters by the end of the trading day.

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