Gas price in Europe tops $1,100 per 1,000 cubic meters

The gas price in Europe exceeded $1,100 per 1,000 cubic meters at the opening of trading on the stock exchange on Wednesday amid partial suspension of the Russian transit through Ukraine at the Sokhranivka station, Report informs via TASS.

The June futures increased to $1,124 per 1,000 cubic meters at the TTF hub in the Netherlands.

Overall, the gas prices grow by more than 4% during the day.

Ukraine's Transmission System Operator announced earlier that from May 11, it will stop gas transit to Europe through the Sokhranivka station due to force majeure circumstances as the company cannot exercise control over the Novopskov border compressor station in the Luhansk region.