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Snowstorm in the US has inflated European gas prices

Blue fuel has risen in price, even despite the thaw in Europe itself

Abnormal frosts and a snowstorm in the United States, which led to a ban on gas exports from Texas, affected the cost of blue fuel in Europe. Gas for February 19 delivery rose to $213 after falling to a monthly low.

This is reported by data from the Dutch hub TTF.

Prices rose even though Europe itself was hit by a strong thaw. According to forecasts, already on February 20, the air temperature in most of Western Europe will exceed 10 degrees Celsius.

However, the level of stocks in underground storage in Europe has already dropped by 40%, to 39.82% of storage capacity. This is 6 percentage points below the average over the past five years.

Recall that low temperatures in the United States also led to interruptions in the supply of electricity, and oil production also suffered.

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