HomeEconomyGas prices in Europe...

Gas prices in Europe are at their lowest since July

Photo: Getty Images

Prices are falling due to large gas supplies and warm weather expected in the region next week.

The price of natural gas in Europe has fallen below the psychological level of $300. This was confirmed by data from the London ICE exchange on Monday, February 12.

function news4659048() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4659048&lang=2&IsAjax=true’, function (data) { $(‘#nk4659048’).html(data); });
}

news4659048();

The price of March futures at the TTF hub in the Netherlands fell to $288.6 per 1 thousand cubic meters. m, or 25.86 euros per MWh (based on the current exchange rate between the euro and the dollar, ICE prices are presented in euros per MWh).

The total price drop since the beginning of the day is about 4%. The current price is the lowest since July 17, 2023.

Market analysts noted that European gas prices are falling amid large gas reserves and expectations of hot weather in the region next week.

Currently, underground gas storage facilities (UGS) in Europe are 67.02% full (14.77% higher than the average for this date in the last five years) – they contain 73.86 billion cubic meters. m of gas.

European countries filled their underground gas storage facilities for the target 90% of the heating season in mid-August, and at the beginning of the withdrawal period they accumulated a record 99.63 %.

Let’s remember that because of the war in Ukraine, Russia lost half of its gas exports. Such disappointing data for the Rashists was reported by the Deputy Prime Minister of the Russian Federation Alexander Novak.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Bentered 41 Samole Strategic Aviation of the Russian Federation – BAB

Spider Web special operations were disclosed by the Ukrainian Security Service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On Sunday, June 1, at the same time, at the same...

Zelensky congratulations on the new President of Poland with a victory of choice

President of Ukraine Volodymyr Zelensky congratulated Karola Navrotsky on the victory in the election of the President of Poland. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The head of...

Russian agent is ready anger in Kyiv (photo)

The agent of the Russian Federation prepared a series of terrorist attacks in Kyiv. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } A supporter of the invaders was detained in...