Gas prices in Europe drop below $800 per 1,000 cubic meters, first time since November 10
MOSCOW, December 31: Gas prices in Europe dropped below $800 per 1,000 cubic meters during the trading session for the first time since November, according to ICE data.
February futures prices at the TTF hub in the Netherlands plunged to $796 per 1,000 cubic meters or 68 euro per MWh.
Since the beginning the trading session the price of gas decreased by more than 22%. In comparison with the all-time high achieved last week the price of gas plummeted almost threefold.