EUROPE, March 7 (RT) - Gas prices in Europe skyrocketed on Monday, reaching over $3,600 per 1,000 cubic meters for the first time in history.

The April futures at the TTF hub in the Netherlands soared past $3,600 per 1,000 cubic meters, or over $300 per megawatt-hour in household terms by 08:30 GMT, according to data from London’s ICE exchange.

Prices continue to grow as market players fear the outcome of the ongoing Russian military offensive in Ukraine. Meanwhile, Russian state energy giant and major gas exporter Gazprom said Monday it continues to routinely supply Russian gas for transit to Europe through the territory of Ukraine.

“Gazprom supplies Russian gas for transit through the territory of Ukraine in the regular mode, in accordance with the applications of European consumers [amounting to] 109.6 million cubic meters for March 7,” Gazprom’s official representative Sergey Kupriyanov told reporters.