According to the London ICE exchange, the total drop in gas prices for the day reached more than 6%.
The price of gas in Europe in exchange trading on Monday, March 6, fell to almost $450 per thousand cubic meters. m for the first time since the end of July 2021. This is confirmed by the data of the London Stock Exchange ICE.
The total price reduction per day is more than 6%.
The price of April futures at the TTF hub in the Netherlands fell to $457 per thousand cubic meters. m.
The drop in gas prices comes on the back of relatively warm weather in the region during the current heating season, despite some cooling this week and next week.
Recall that gas reserves in underground storage facilities in Europe have dropped below 60%, but remain record-breaking for this time of year.
The European Union has succeeded in its reliance on Russian gas and oil supplies. European companies were able to cover 80% of Russian gas exports with supplies from the US and Norway.
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Source: korrespondent
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