Gas prices in Europe fell to the lowest level in two years
[ad_1]
Exchange gas prices in Europe during trading decreased by 3%, follows from the data of the Intercontinental Exchange (ICE). The cost of gas dropped below $350 per 1,000 cubic meters. for the first time in two years.
As of 10:44 Moscow time, the price of futures on the TTF index is reduced by 1.91%, to $348 per 1,000 cubic meters. The dynamics of quotations is given from the settlement price of the previous trading day. Then the cost of gas was $357.8 per 1,000 cubic meters.
Gas prices in Europe began to decline in early 2023. By mid-January, exchange prices for gas in Europe fell by 25%. Also in February, prices for liquefied natural gas reached 18 month low. According to TASS estimates, during the winter the price of gas in Europe decreased three times. The decline in prices took place against the backdrop of an abnormally warm winter in European countries and high filling of gas storage facilities.
[ad_2]
Source link
