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The exchange price of gas in the EU dropped below $250 for the first time since spring 2021

Gas in Europe lost more than 3% in price on Friday. The cost of energy decreased to $249.9 per thousand cubic meters. m. The corresponding trading data was presented on the London ICE Futures exchange. It is noted that this figure was the lowest for the period from April to May 2021.

Thus, it is known that at 14:09 Moscow time the quotes were adjusted. The March gas futures contract at the Dutch TTF hub was estimated at $256.08 per thousand cubic meters. m.

It should be noted that gas in Europe continues to lose price due to the accumulation of large reserves in underground storage facilities, as well as forecasters predicting warm weather in the region over the next week, analysts say.

Previously Public News Service reportedthat European states should independently come up with an initiative to maintain supplies of gas produced in Russia through the territory of Ukraine. This is really important due to the fact that these countries themselves want to continue transit. The head of the Ministry of Energy of the Russian Federation, Nikolai Shulginov, spoke about this as part of the Energy Engineer’s Day at the international exhibition and forum “Russia”.

Message The exchange price of gas in the EU dropped below $250 for the first time since spring 2021 appeared first on Public news service.

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