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Gas Prices in Europe below $250 for 1st Time since April 2021

  • February, 24, 2024 - 12:33
  • Economy news
Gas Prices in Europe below $250 for 1st Time since April 2021

TEHRAN (Tasnim) – The price of gas in Europe dropped below $250 per 1,000 cubic meters for the first time since April 2021, according to the data from London’s ICE.

Economy

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 down amid large gas inventories and expectations of warm weather in the region in the coming week, TASS reported. 

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, the report added. 

 
R1651/P
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