Gas price in Europe fell below $ 1,300

Gas in Europe has fallen in price

Three days ago, gas in Europe cost a record nearly $ 2,200, and now it has dropped to 1,300.

The cost of gas in Europe fell on Friday, December 24, below $ 1,300 per thousand cubic meters, according to trading data.

Prices fell on the back of a surge in wind power generation to 13.8% on Thursday after 7.1% on Wednesday and a three-month low of 5.52% on Tuesday, according to data from the WindEurope association.

Also, the cost of gas is affected by the growth of LNG supplies to Europe by 66% compared to last year.

Recall December 21 gas price has renewed its historical maximum, almost reaching $ 2,200 per thousand cubic meters.

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