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Europe announces significant decrease of gas prices

Europe announces significant decrease of gas prices

Brussels, Mar 10 (Prensa Latina) The price of natural gas futures contracts for Europe decreased today below 150 euros per megawatt hour (MWh).
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This indicator was supported by the Dutch trading platform TTF, and represents a decrease of 6.3 percent compared to the previous day.

Early in the day, the price reached an intraday high of 157.9 euros per MWh, but subsequently fell to 145.5 euros, more than 55 percent below the historical peak of 345 euros set during last Monday’s trading.

These data are related to the impact on the markets of the war situation in Ukraine.

Oil futures experienced a similar evolution on Thursday, although with much less volatility than gas.


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