Gas prices in Europe fell below $500 per 1,000 cubic meters. m
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The cost of gas in Europe during trading on the London Stock Exchange ICE fell below $500 per 1 thousand cubic meters. m. The minimum price of the April futures on the TTF hub in the Netherlands at the auction today, March 14, was fixed at 16:33 Moscow time, it was $496 per 1 thousand cubic meters. m, or €44,735 for 1 MWh. As of 17:36 Moscow time, the price of the futures was €45.25 per 1 MWh, or $508 per 1,000 cubic meters. m.
March 9 gas prices in Europe sank below $450 per 1 thousand cubic meters m for the first time since July 2021. The fall in prices is due to the end of the calendar winter and the heating season in Europe.
As of March 3, the filling rate of underground gas storage facilities in the EU countries got down up to 59.6%. In the last heating season, this figure fell below 60% already on December 15th.
Read more about the energy problems of the EU – in the material “Kommersant” “Gas prices have lost fear”.
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