Gas price in Europe during exchange trading on Thursday dropped almost $ 1,000 per 1 thousand cubic meters. m, the data of the London Stock Exchange ICE. Reports about it TASS.
The price of January futures on a Hab TTF in the Netherlands decreased to $ 1,018 per 1 thousand cubic meters. m, or € 87,055 per MW · h (based on the current exchange rate euro to the dollar, the prices of ICE are represented in euros per MW · h).
The total reduction in the cost of gas per day is almost 10%.
December 21, the exchange price of gas in Europe for the first time in history overcame a mark of $ 2,000 per 1 thousand cubic meters. m against the background of the upcoming cold and abnormally low reserves in European PCGs. However, in the following days, the price adjusted against the background of resuming wind generation in Europe and news that the number of tankers carrying LNG from the United States to Europe increased by a third.
The cost of futures on the TTF Hab is volatile due to a speculative factor and does not reflect the real price of physical supplies to Europe. According to Gazprom, the average price of gas exports under contracts in 2021 will be $ 280 per 1 thousand cubic meters.