The price of gas in Europe fell below $300 per thousand cubic meters for the first time since May 20, 2021. This should From London ICE data.
The cost of June futures at the TTF headquarters in the Netherlands fell to $297.06 per thousand cubic meters, in July – to $267.56 per thousand cubic meters.
The foreign exchange prices of gas in the EU began to decline in mid-May. Thus, on May 18, the figures fell below 350 dollars per thousand cubic meters.
“The heating season is over, but the air conditioning season has not started yet. There is still no such heat that would allow more electricity to be spent on the air conditioner and, accordingly, the loading of gas stations, among other things. So this is a kind of respite for the European gas market. “The winter was very hot and the market calmed down as there was too much gas left in the underground storage facilities.” announced Falling gas prices, said Igor Yushkov, a leading analyst at the National Energy Security Fund.
Vladislav Antonov, former financial analyst at BitRiver estimated At the end of May – the beginning of June, the foreign exchange prices of natural gas will decrease to $300 per thousand cubic meters.