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Thursday, 18 April, 2024

Gas price in Europe falls below $250, first time since April 2021

Express Desk
  25 Feb 2024, 02:46

The price of gas in Europe fell below $250 per 1,000 cubic meters for the first time since April 2021, according to data from London's ICE.

The price of March futures at the TTF hub in the Netherlands fell to $249.9 per 1,000 cubic meters or 22.34 per MWh (based on the current exchange rate of euro to dollar, prices for ICE are presented in euros per MWh).

Gas prices in Europe continue to decline amid large gas inventories and expectations of warm weather in the region in the coming week.

European UGS facilities are currently 64.69% full (16.76 pp higher than the average for this date over the past five years), containing 71.3 bln cubic meters of gas.

Comments

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Gas price in Europe falls below $250, first time since April 2021

Express Desk
  25 Feb 2024, 02:46

The price of gas in Europe fell below $250 per 1,000 cubic meters for the first time since April 2021, according to data from London's ICE.

The price of March futures at the TTF hub in the Netherlands fell to $249.9 per 1,000 cubic meters or 22.34 per MWh (based on the current exchange rate of euro to dollar, prices for ICE are presented in euros per MWh).

Gas prices in Europe continue to decline amid large gas inventories and expectations of warm weather in the region in the coming week.

European UGS facilities are currently 64.69% full (16.76 pp higher than the average for this date over the past five years), containing 71.3 bln cubic meters of gas.

Comments

March marks yet another record in global heat
All must work together to prevent river encroachment, pollution: Minister
Global warming to raise food prices, inflation: study
Developing nations' booming cement demand may drive up CO2 emissions, research group says
Bangladesh, Pakistan, India witness worst air quality in 2023