Gas is cheaper on the background of warm enough weather for winter in Europe and record stocks in underground gas storages.
Gas prices in Europe fell below $600 per 1,000 cubic meters. m for the first time since August 30, 2021. This was confirmed by the data of the London Stock Exchange ICE on Tuesday, January 17th.
function news4552757() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4552757&lang=2&IsAjax=true’, function (data) { $(‘#nk4552757’).html(data); });
}
news4552757();
The price of February futures at the TTF hub in the Netherlands fell to $599 per 1,000 cubic meters. m, or 53.5 euros per MWh (based on the current euro/dollar exchange rate, ICE prices are shown in euros per MWh). The total price reduction per day is more than 3%.
Gas quotes are falling on the background of warm enough weather for the winter in Europe, which only this week is approaching the climatic norm. The average share of wind generation in EU electricity generation has remained very high since the beginning of the month, exceeding 26%. And on January 15, he even reached a record for the entire observation time – 35.4%.
In addition, gas reserves in the EU’s underground storage facilities are at historic highs for this time of year. Today, UGS facilities in Europe are 81.49% full (19.32% higher than the average for this date in the last five years), they contain 88.24 billion cubic meters. m of gas.
Earlier it was reported that the head of the ruling regime of Russia, Vladimir Putin, was left without one of the main “trump cards” due to the warm winter in Europe. He lost his supposed leverage in the war against Ukraine.
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.