Gas prices in Europe fall below $1,700

Gas futures prices in Europe have decreased by about 15% and have already dropped below $1,700 per 1,000 cubic meters, Report informs referring to the data of the London stock exchange ICE.

The price of January futures on the Dutch TTF index, the most liquid European hub, at the opening of trading amounted to $1,916.2. Then, during the trading, the prices decreased. During the day, the price fell to $1,694.2, and then increased slightly to $1,708.2, which is 15.5% below the estimated price on December 22.

12:11

At the beginning of trading, gas futures prices in Europe dropped below $1,900 per 1,000 cubic meters, Report informs referring to the data of the London stock exchange ICE.

Thus, the prices of January futures on the Dutch TTF index at the opening of trading amounted to $1,916.2, and as of 11 a.m. (GMT+4), the prices dropped to $1,823.9, which is 9.7% lower than the calculated price on December 22 (almost $2,020).