The price of gas in Europe fell to its lowest level since December 31, 2024 during stock market trading on Monday, according to data from the London ICE exchange shown on the site. Investing.com.
The overall price drop was around 2%. At the TTF center in the Netherlands, the price of February futures contracts fell to 517.5 dollars per thousand cubic meters, or 48.31 euros per megawatt hour.
It happened on Tuesday knownEuropean countries have bought record amounts of Russian liquefied natural gas despite calls to ban its supply.
According to Bloomberg, the amount of gas sold exceeded the amount of gas Russia supplied from Ukrainian territory before January 1. Therefore, the agency notes that European countries are purchasing record amounts of supercooled fuel from Russia, despite calls to ban such materials.
Also Bloomberg wroteEurope appears to be consuming its gas reserves faster than ever in the last seven years.
It was before named Pipeline gas and LNG supply volume to Europe in 2024.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.