Since the beginning of trading on Tuesday, January 18, gas prices in Europe fell by $ 100 per thousand cubic meters. Futures for February on the largest European Hab TTF lowered to $ 878, evidence of the ICE exchange data.
As of 14:55 Moscow time, the quotes adjusted to 912 dollars per thousand cubic meters. At the beginning of the day, the price was 1010 dollars.
Maximum in history The cost of gas in Europe was recorded on December 21 – $ 2190.4 per thousand cubic meters. Last week, quotes ranged in the range of $ 825-1130, but the end of the week went into growth.
At the same time, Gas Infrastructure Europe (GIE) reported that the completion of underground gas warehouses in Europe is 49.33 percent. This is 16 percentage points lower than the average over the past five years.