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Price for gas in Europe drops lower than $1,100 per 1,000 cubic meters

Source : 112 Ukraine

On Thursday, the first hour of trades ended with the decrease of price for almost 15%
13:14, 7 October 2021

Open source

The price for gas at the European ICE exchange house crashed up to $1,100 per 1,000 cubic meters as ICE Futures reported.

Thus, during the trades on October 7, asset prices were lower than $1,1000 per 1,000 cubic meters. Particularly, the price of November futures at the TTF hub in the Netherlands fell up to $1,095.9 per 1,000 cubic meters.

Related: It's unprofitable for Gazprom to increase gas transit volumes via Ukraine,- Putin

The decrease made almost 15%.

It should be noted that the prices for gas grew amid the low supplies in the European underground gas storages with a shortage of supplies for Russia.

Related: PM instructs Ukraine's largest gas producers to increase domestic extraction

On October 6, the price for gas at the futures market in Europe beat another record. For the first time ever, it has reached $1,600 per 1,000 cubic meters for the first time ever.

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