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Gas in Europe fell to $ 1,000

Photo: Reuters

Gas prices returned to the average level of recent months

Gas prices are declining after reaching a record nearly $ 2,200 per thousand cubic meters on December 21.

The cost of gas at auctions in Europe on Thursday, December 30, fell by 10% to almost $ 1,000 per thousand cubic meters.

Thus, the price of January futures on the TTF hub in the Netherlands dropped to $ 1,018 per thousand cubic meters or € 87,055 per MWh.

Gas price decreases after reaching December 21 record nearly $ 2,200 per thousand cubic meters.

Note that on the eve of Gazprom announced a complete rthe status of operation of the Nord Stream-2 gas pipeline, but it won’t launch until it gets certified in Germany. This is not expected to happen until the summer of 2022.

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