EU Commission: Gas prices in Europe to remain high until end-2023

Gas prices in EU countries will remain high this year and may shrink in the spring of 2023, Report informs, citing the Commission's winter economic outlook.

Futures still point to the retreat from high levels after this winter. But the 2022 prices are expected to remain higher than autumn forecasts before they plunge in the spring of 2023.

The gas futures in Europe currently range at $885-$910 per thousand at Thursday trading.