The exchange price of gas in Europe at the trading on Tuesday, November 15, exceeded the mark of $1350 per thousand cubic meters at ICE Futures. By 11:20 MSC the cost of December futures at the TTF hub in the Netherlands rose by 10.8%, reaching €126 per 1 MWh, or $1377.6 per thousand cubic meters, taking into account the current rate on the Forex market, according to data from the ICE exchange.

Natural gas prices at the exchange in Europe rose amid forecasts of colder weather in the region, suspension of production at the Aasgard field in Norway, as well as concerns about disruptions in the supply of liquefied natural gas (LNG) from the U.S. to Europe, RBC writes.

The U.S. liquefied natural gas plant Freeport LNG informed customers that it is likely to cancel gas deliveries scheduled for November and December, as repair work and coordination with regulators to restart production after the accident is still ongoing, Bloomberg reported citing sources. Freeport LNG’s plant was shut down after an explosion and fire in early June.

Freeport LNG previously accounted for about 20% of U.S. LNG production. Until the shutdown, about 70% of the company’s exports came from the European Union and the United Kingdom. The company said the plant, which was shut down after an explosion in June, is expected to return to service in November.