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Price of Natural Gas in Europe reached 341 Euros per megawatt hour

The price of natural gas on the Dutch exchange TTF reached 341 euros per megawatt hour yesterday, and electricity supply contracts in Germany and France broke all records. Against this background, the Czech Presidency of the European Union announced that it is preparing an extraordinary meeting of energy ministers. Contracts for the supply of electricity in 2023 in France and Germany reached historic values, exceeding last year’s prices by a factor of 10. …