The price of gas in Europe on the stock exchange fell below $300 per 1 thousand cubic meters. m for the first time since July
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The price of February futures at the TTF hub in the Netherlands during trading fell by 6.3%, to $299.8 per 1 thousand cubic meters. m. The price of gas in Europe at stock exchange trading fell below $300 for the first time since July 28, 2023.
According to the London ICE Exchange, at the opening of trading, futures on the TTF index were trading at $307.7 per 1 thousand cubic meters. m, decreasing by 3.8%. As of 11:37 Moscow time, the fall intensified to 4.8%, futures cost $304.6. By 13:21 the price had dropped to €26.73 per 1 MWh – below $300 per 1 thousand cubic meters. m.
Gas prices in Europe began to fall in price in early January and have dropped to lows since September, despite the frosts that came from the Arctic. Price dynamics were not affected by some increase in gas demand from utilities and power plants amid cold weather. Head of Gazprom claimedthat in Europe there is an artificial destruction of gas demand.
About the situation on the market – in the material “Kommersant” “Gas prices have completely frozen”.
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