The price of blue fuel in exchange auctions is $400 per thousand cubic meters.
European gas prices at exchange auctions are now below $400 per 1,000 cubic meters. m – such indicators were recorded for the first time since July 8, 2021. The total daily price reduction was about 2.4%. This is confirmed by the data of the London Stock Exchange ICE.
June futures at the TTF hub in the Netherlands fell to $398.1 per 1,000 cubic meters. m, or €35.06 per MWh (at the current EUR/USD exchange rate, ICE prices are in EUR per MWh).
Gas prices fell in Europe due to high filling of gas storage facilities, record inflows of liquefied natural gas (LNG) and warm weather.
In particular, the occupancy of storage facilities exceeded 62%, and LNG flows from terminals to the European gas transmission system in April reached an absolute maximum in the entire history of observations – 12.07 billion cubic meters. m. The record of LNG flows in Europe remains in May.
The period for removing gas from European underground storage facilities ended on 6 April.
Recall that the European Union has launched a joint purchase of gas.
Source: korrespondent
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