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Gas prices in Europe have collapsed

Gas prices have fallen to their lowest level in nearly a year.

In mid-September, gas was trading above $ 2,000 and now the price has dropped to nearly $ 800.

The cost of gas on the European market collapsed on Wednesday 5 October, below a thousand dollars per thousand cubic meters.

If on the eve of gas futures on the TTF site in the Netherlands with delivery for the “day ahead traded around $ 1200 per thousand cubic meters, today the price has dropped to 822 dollars (or 80 euros per MWh).

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