Gas prices in Europe fall below $1,200

Gas prices in Europe at the opening of trading on March 15 fell below $1,200 per 1,000 cubic meters for the first time since March 1, Report informs.

The prices fell by about 5%, according to the London Stock Exchange ICE.

April futures on the index of the largest European hub TTF opened trading with a decrease to $1,194.3.

Prices fell by 8.3% compared to March 14 settlement price of $1,302.6 per 1,000 cubic meters. Then the prices rose slightly, to $1,234, which is 5.3% lower than the final price on March 13.