Cost of gas in Europe drops below $1,500 per 1,000 cubic meters

The gas price in Europe descended by 1% to less than $1,500 per thousand cubic meters at the opening of trading on Wednesday, Report informs, citing London's ICE.

The January futures at the TTF hub in the Netherlands dropped to $1,481 per thousand cubic meters as of 11:00 am (GMT+4).

Yesterday, the gas trading in Europe closed at $1,522 per thousand cubic meters.