Prices are now close to levels seen in May 2021, when Russia gradually began cutting off pipeline gas supplies to the continent.
In Europe, gas prices fell to their lowest level in nearly three years. Futures at the TTF hub in the Netherlands reached 22.5 euros per megawatt-hour (about $250 per thousand cubic meters). Intercontinental Exchange (ICE) reported this.
Prices are now close to levels seen in May 2021, when Russia gradually began cutting off pipeline gas supplies to the continent, according to Bloomberg.
Lower prices in Europe indicate a good supply situation, with storage facilities still around 65% full.
It was previously reported that European traders will earn about $320 million by storing gas in underground gas storage facilities in Ukraine.
Let’s remember that in October of last year, the total reserves of natural gas in European countries reached their absolute maximum in the history of observations.
Source: korrespondent
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