Prices for natural gas fell intensely after US president Donald Trump about reaches the ceasefire between Israel and Iran.
Prices of futures for natural gas in the Dutch TTF collapse more than 12% – up to 35.3 euro/MWT. At night, prices fell 5 euros, which was the lowest level from June 11, when the conflict between Israel and Iran exacerbated. This was reported by Expro’s profile edition on Tuesday, June 24.
The decline took place after US president Donald Trump’s statement to achieve a cease between countries. Thus, the market plays the previous increase caused by geopolitical intensity.
Currently, the market is well provided with both pipeline gas from Norway and LNG. Also, disruptions to supplies by the Ormuz Strait are not expected. Israel can easily continue making and exporting Egypt, which will also reduce demand for LNG in the marketplace.
Against the background of this autumn, the Ukrainian gas market may also respond to the decline in prices. It is hoped that the cost can fall on TTF + € 10-12/MWH, which is approximately 29,000 UAH per thousand cubic meters. M with Vat.
On June 23, the gas in Ukraine was exchanged with a range of 31 300 – 31,800 UAH per thousand cubic meters. m. If prices in the EU remain low, private companies can activate imports.
The price of oil has also reduced, in particular, Brent Futures fell to $ 68 per barrel – 12% less than last Friday. The reason is the stability of the supplies and the absence of risks of the narrow overlap of the narrow.
As reported, that night US President Donald Trump said that Israel and Iran had joined a Truce, which should occur in 12 hours, after which the war would be considered.
Later, the media wrote that Tehran had come to the US who was offering the stop of a phone talk with the prime minister of Qatar Sheikh Mohammed bin Abdulrahman Al Tanya, who spoke with Tehran at Trump’s request. However, Tehran launched the sixth wave of missiles in Israel.
As you know, the European Union has been working on a proposal to inhibit Russian gas imports until the end of 2027. Meanwhile, Hungary blocked the approved EU’s new plan to renounce Russia’s oil and gas.
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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.