Gas price in Europe fell below $1,000 for the first time since October 26
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The cost of January gas futures at the TTF hub in the Netherlands fell below $1,000 per 1,000 cubic meters. m for the first time since October 26, follows from the data of the London ICE exchange. Since the beginning of the day, the overall decline in gas prices in Europe amounted to about 7%.
At the moment, the cost of January futures fell to $999.6 per 1,000 cubic meters. m. (€90,905 for 1 MWh). As of 12:48 Moscow time, the price of the futures increased slightly and amounted to €90.905 per 1 MWh.
December 19 EU countries agreed gas price ceiling, which comes into force on February 15, 2023. It will amount to €180 per 1 MWh, or $1.9 thousand per 1 thousand cubic meters. m. and will begin to operate under a number of conditions.
Read more about the gas price ceiling – in the material “Kommersant” “The gas is thinner, the ceiling is lower.”
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