Gas price in Europe drops below $1,100 per 1,000 cubic meters

The gas price in Europe during today's trading fell below $1,100 per 1,000 cubic meters for the first time since June 15, Report informs with reference to the London ICE exchange.

The November futures price at the TTF hub in the Netherlands fell to $1,090.5 per 1,000 cubic meters or €107.355 per MWh.

The overall decline in the cost of gas since the beginning of the day is almost 16%.