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Gas prices in Europe decline

28.10.2021,15:49


October 28, Fineko/abc.az. The stock prices of gas futures in Europe have fallen sharply.

ABC.AZ reports that as a reason, it is indicated that Russian President Vladimir Putin instructed Gazprom to fill warehouses in Austria and Germany.

So, at the auction on the 2nd of the week, gas supply contracts in November started from a level above $1,050 per week, but then fell to the lowest level of the month - $915 per 1,000 cu m.

The market expects prices to fall to $535 per 1,000 cu m from April, and then to $506 in June.