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The price of gas in Europe fell by almost 10% but regained the decline

The price of gas in Europe fell by almost 10% but regained the decline

The of gas in Europe fell by almost 10% compared to yesterday due to rumors about the start of gas supplies via the Nord Stream 2, but by the evening it was able to partially win back the price. This is reported by ICE.

The cost of the September futures on the TTF hub in the as of 17:32 Moscow time fell to a value of $509 per thousand cubic meters. A day earlier, the auction ended at $562 per 1 thousand cubic meters, which is almost 10% higher than this indicator.

At the moment, the cost of gas in Europe has slightly played back the fall and has grown to about $537 per thousand cubic meters.

Earlier it was reported that gas prices in Europe may decrease after the launch of the Nord Stream 2. In addition to lowering prices, the launch of the gas pipeline will contribute to the commissioning of new capacities for the production of liquefied natural gas in the United States in other countries, which are expected in 2023-2025.

The of gas in Europe has updated the historical maximum, for the first time exceeding the mark of $586 per thousand cubic meters.



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