05.01.2023, 11:41
Gas prices in Europe have dropped below $ 700 per thousand cubic meters
Source: OREANDA-NEWS
OREANDA-NEWS The exchange price of gas at the opening of trading on the ICE Futures site fell below $750 per thousand cubic meters. The cost of the February futures at the TTF hub in the Netherlands decreased by 7.35%, reaching €67 per 1 MWh, or $744 per thousand cubic meters. m taking into account the current exchange rate on the forex market, according to the data of the ICE exchange.
Gas quotes are falling due to lower consumption, as well as forecasts of warm weather in several regions of the world. In particular, temperatures are expected to exceed seasonal norms for most of Europe and the United States over the next few weeks. Warming is also predicted in China — the world's largest importer of gas — and Japan, writes Bloomberg.
The analytical company Bloomberg NET noted that milder weather in Asia means less competition for LNG supplies. The company also added that now the possibility that there will be a severe shortage of gas on the market seems unlikely.
Gas quotes are falling due to lower consumption, as well as forecasts of warm weather in several regions of the world. In particular, temperatures are expected to exceed seasonal norms for most of Europe and the United States over the next few weeks. Warming is also predicted in China — the world's largest importer of gas — and Japan, writes Bloomberg.
The analytical company Bloomberg NET noted that milder weather in Asia means less competition for LNG supplies. The company also added that now the possibility that there will be a severe shortage of gas on the market seems unlikely.
Комментарии