In Europe, the foreign exchange prices of gas are traded below $800 per thousand cubic meters. This is due to data from the London Stock Exchange. ICE.
Since the start of trading, February futures on the TTF index (Europe’s largest hub) have lost 8%. The dynamics of the quotation are based on the settlement price of the previous trading day – $844.3 per thousand cubic meters.
Earlier it was known that in 2022 the average foreign exchange price of gas in Europe. amount of $1260.8.
Before that, Bloomberg reportedThat the European Union restricts gas prices could only exacerbate the situation with the energy crisis. The EU gas price cap mechanism can help prevent price fluctuations. However, the publication pointed out that because of this, Europe will become particularly vulnerable in terms of gas supplies and increased competition from Asian countries.