Gas price in Europe fell below $1,100 per 1,000 cu m

11:58 - 19.10.2022

October 19, Fineko/abc.az. For the first time since 15 June, the price of gas in Europe fell below $1,100 per 1,000 cu m during trading on 18 October.

ABC.AZ reports that the cost of the November futures on the TTF hub in the Netherlands decreased to $1,090.5 per 1,000 cu m, or €107,355 per MWh.

The total reduction in the cost of gas is almost 16%. By 19:30, the price returned to the area of $1,150.

 

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