Gas in Europe becomes cheaper by 11%
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According to the London Stock Exchange ICE, the price of gas in Europe fell below $850 per 1,000 cubic meters. m, loses 11%.
January futures on the TTF index opened trades at $925.2 per 1,000 cubic meters. m (-1.9%). By 14.49 Moscow time they rose to $839.3 (-11%). The dynamics of quotations is based on the settlement price of the previous trading day – $943.5 per 1,000 cubic meters. m.
The price of gas in Europe is already went down below $850 per 1 thousand cubic meters m December 27 – for the first time since February 22. Then the price dropped to $848 per 1,000 cubic meters. m — €77 per 1 MWh.
On December 19, the EU countries agreed to set the marginal exchange price for gas at €180 per 1 MWh, about $2,000 per 1,000 cubic meters. m. The ceiling will become effective on February 15, 2023 and subject to certain conditions.
Read more about this in the material “Kommersant” “Thier gas, lower ceiling”.
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