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Gas price in Europe dropped below $ 1000

The price of energy resources fell below $ 1,000 for the first time since December 6

The exchange price of gas in Europe on December 21 for the first time reached a historical maximum – two thousand dollars.

The price of gas in Europe during the exchange trading on Thursday, December 30, dropped below 1,000 dollars per thousand cubic meters. m. This happened for the first time since December 6, according to data from the London stock exchange ICE.

The price of January futures on the TTF hub in the Netherlands dropped to $ 995 per 1,000 cubic meters. m, or 85 euros per MWh.

The overall decrease in gas prices per day was almost 12%.

Note that on December 21, the exchange price of gas in Europe for the first time in history exceeded the mark of 2 thousand dollars per thousand cubic meters. m.

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Let us remind you that on the eve the conditions for the reduction of gas prices were announced in Russia. The period of high gas prices will end when supply meets European demand. And the situation with prices will be more stable if most of the consumption is provided by long-term supplies from Russia, Algeria and Norway.

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