Gas futures prices in Europe exceed $1,000

Prices for gas futures in Europe, after falling below $800 per 1,000 cubic meters on January 3, have exceeded $1,000 again, Report informs referring to the London stock exchange ICE.

On the ICE Futures platform, at the opening of trading, the price of February futures was $1,028.2. Then it dropped to $1,000, which is 7.5% higher than the estimated price the day before - almost $940.

The decline in prices is associated with additional LNG supplies to Europe from the US and an increase in electricity generation at European wind farms.