Posted 10 февраля 2023,, 07:10

Published 10 февраля 2023,, 07:10

Modified 10 февраля 2023,, 07:20

Updated 10 февраля 2023,, 07:20

The price of gas in Europe fell below $600 per thousand cubic meters on the eve of warming

The price of gas in Europe fell below $600 per thousand cubic meters on the eve of warming

10 февраля 2023, 07:10
For the first time since the end of November last year, gas in Europe began to cost less than $600 per thousand cubic meters in anticipation of a new warming.

This is reported by Interfax with reference to the data of stock trading.

"A contract with delivery "a day ahead" at the TTF hub in The Netherlands lost another 2% over the past day and went below $ 600 per thousand cubic meters", - the report says.

The price of gas at the end of the auction was $596 per thousand cubic meters.

Against the background of lower prices, industry in the EU can increase demand and production volumes. Earlier, due to the sharp rise in gas prices in the EU, consumption was forced to be reduced so that the fuel stored for the winter would last until the end of the cold season. The winter of 2022-2023 turned out to be very mild and warm, thanks to this, Europe was able to survive the heating season relatively painlessly in the midst of the energy crisis provoked by the beginning of the military special operation of the Russian Federation on the territory of Ukraine.

In order to reduce energy dependence on the Russian Federation, EU countries are actively building their LNG terminals and diversifying fuel supplies. Against the background of the Europeans' refusal to cooperate with Russia in the energy sector, LNG supplies from the United States are growing especially significantly.