Gas prices in Europe fall for the second week in a row
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According to stock quotes ICE, at the opening of trading, the cost of the January gas futures on the TTF index amounted to €80 per MWh. or approximately $895 per thousand cubic meters. m. This is the minimum price of an energy resource in Europe since June 13 – the figure has been declining since the beginning of last week.
As of 12:22 Moscow time, the price of the futures rose to €81.2 per MWh. A week ago, on December 20, the exchange price for an energy resource rose to €114.33 per 1 MWh against the backdrop of explosion on the main gas pipeline Urengoy-Pomary-Uzhgorod. Later, the cost of gas began to decline to the levels of early summer.
December 22 European Union approved gas price ceiling of €180 per MWh. The restriction will come into force on February 15, 2023, the European Council explained the agreement on the limit by ensuring “the security of energy supply and the stability of financial markets.”
Read more about the regulation of gas prices in the EU – in the material “Kommersant” “Thier gas, lower ceiling”.
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