Underground gas storage facilities (UGS) in Europe are 56.5% full, they contain 61.4 billion cubic meters. m of gas.
In Europe, gas prices in exchange trading fell below $500 per 1,000 cubic meters. m for the first time since last week. The total price drop for the day is 10%. This was reported by TASS with reference to the data of the London ICE exchange.
It was noted that the price of the April futures contract at the TTF hub in the Netherlands fell to $496 per 1,000 cubic meters. m, or €44.735 per MWh (based on the current euro/dollar exchange rate, ICE prices are in euros per MWh).
On March 9, the price of gas fell below $450 for the first time since the end of July 2021, but by the end of the week there was a sharp increase in the price – it rose to almost $600.
Underground gas storages (UGS) in Europe are reported to be filled at 56.5% (20.32 percentage points higher than the average for this date in the last five years), they contain 61.4 billion cubic meters. m of gas.
Remember that gas prices in the EU have been updated for at least two years.
According to the media, falling oil and gas prices are stimulating economic growth in the West.
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Source: korrespondent
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