The price of gas in Europe fell below $900 per thousand cubic meters. m for the first time since June
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Exchange gas prices in Europe for the first time since June 13 fell below $900 per 1,000 cubic meters. m, should from London ICE data. Today, the price of the next gas futures in January at the TTF hub in the Netherlands fell to 81.69 euros per MWh, or about $883 per 1,000 cubic meters. m, taking into account the current exchange rate in the international market.
The fall has already exceeded 11%. January futures on the TTF hub in the Netherlands opened trading at $943.9 per 1,000 cubic meters. m and reached $957 per 1000 cubic meters. m.
Gas prices began to decline after a jump on December 20, when they exceeded $1,200 amid reports of an explosion at a section of the Urengoy-Pomary-Uzhgorod gas pipeline in Chuvashia. The fire on the gas pipeline occurred at 13:44 Moscow time (the time coincides with the local time). By 3:16 p.m., firefighters had extinguished the flare. As a result died three people, one more injured.
December 19 EU countries agreed gas price limit of 180 euros per 1 MWh, which corresponds to $1975 per 1000 cubic meters. The ceiling will take effect from February 15, 2023. The ceiling will be activated if the gas price at the TTF gas hub in the Netherlands (the most liquid gas hub in the EU) exceeds the agreed level, and the spread to the price of liquefied natural gas (LNG) in the EU will be more than 35 euros per 1 MWh.
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