Gas prices in Europe fall amid news on resumption of supplies to Italy

Exchange prices for gas in Europe started to decline after the announcement of Russia’s Gazprom regarding the resumption of supplies to Italy, Report informs referring to the London Stock Exchange ICE.

Futures contracts on the TTF index in the first minutes of trading cost $1,700.6 per 1,000 cubic meters (+1.5%). However, after Gazprom’s announcement, futures fell sharply, gradually reaching $1,653.4 (-1.3%). The dynamics is given from the settlement price of the previous trading day - $1,675.6 per 1,000 cubic meters.

The average settlement price of the nearest futures in September fell to $2,093 (-14.6%).