The spot price of gas in the EU market continues to decline due to heating and strong winds and therefore high rates of electricity generation by wind turbines. In this respect knowledgeable interfax.
As the publication notes, Denmark has been providing electricity only by wind for two days in a row. On March 14, it met 100.8% of the country’s wind generation needs.
The material adds that the contract with “one day in advance” delivery at TTF headquarters in the Netherlands fell 8% per day to close at $504 per thousand cubic metres.
Electricity generation from wind farms in Europe met almost 20% of the EU’s needs last week. On March 13, this figure rose to 33.2%, while it fell to 27.9% the previous day.
Valery Semikashev, Former Head of the Laboratory of the Institute of Economic Forecasting of the Russian Academy of Sciences expression The view that 2023 will be more difficult than the previous year for the EU gas market and new horizons will be opened for the Russian market.