Gas price in Europe falls below USD 1,000

Natural gas prices in the European market have declined sharply over the past 24 hours, falling below USD 1,000 for the first time this month.

November futures for TTF, the largest online gas sales center in the region, rose from USD 1,260 to USD 1,370 at 10:13 a.m. (GMT +4) at an auction on the London-based ICE Futures exchange. Then it dropped steadily to 981.1 USD / 1000 cubic meters at 11:22 a.m. (GMT +4). But 12 minutes later, the price increased to USD 1,079.5.

The day before, the prices rose to a record high - 1,937 USD / 1000 cubic meters, and at the end of the day fell to USD 1,260.