Gas prices in Europe fall over 1%

Gas prices in Europe fell 1.1% in early trading on December 6, Report informs referring to the London Stock Exchange ICE.

January futures on the TTF index (the largest hub in Europe located in the Netherlands) opened trading at $1,495.6 (+1.1%). Then they fell to $1,462.9 per 1,000 cubic meters (-1.1%). The dynamics of quotations is based on the settlement price of the previous trading day - $1,478.8 per 1,000 cubic meters.

The cost of the nearest futures on ICE on December 1 for the first time since October 13 exceeded $1,700 (the maximum was almost $1,780). Prices in Europe rose against the backdrop of cold weather and low wind generation.