ICE: European gas prices fell to the lowest level since October 25

INA-Source

The gas price in Europe fell during today's trading to less than $920 per 1,000 cubic meters. For the first time since last October 25, according to the London Stock Exchange ICE.

The cost of the January futures contract at TTF Center in the Netherlands fell to $919.6 per 1,000 cubic meters, or €83.9 per MWh (ICE prices are quoted in € per MWh).

According to preliminary data, the temperature in many European countries, which is on average higher than climatic indicators, led to a decrease in prices.

Earlier, the European Union approved a dynamic ceiling for gas prices at the level of 180 euros per megawatt hour (about 1.85 thousand euros per thousand cubic meters). This measure will enter into force on February 15, according to a statement issued by the Council of the European Union.