European gas prices hit new all-time high

European gas prices hit new all-time high

Gas prices in Europe skyrocketed on Monday, reaching over $3,900 per 1,000 cubic meters for the first time in history. The April futures at the TTF hub in the Netherlands soared to $3,899 per 1,000 cubic meters, or nearly $374 per megawatt-hour in household terms by 10:00 GMT, according to data from London’s ICE exchange.

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