Gas futures for January delivery in Europe rose more than 5% and traded above $1,700 per thousand cubic meters, Report informs via the London Stock Exchange ICE.

January futures on the TTF index (the largest hub in Europe located in the Netherlands) opened trading at $1,696.3. Then they rose to $1,707.4 (+5.4%). The price dynamics are based on Wednesday’s settlement price – $1,620.4 per thousand cubic meters, which was 7.8% higher than on Tuesday.