The price of gas in Europe fell below 850 dollars for 1000 cubic meters in the evening of December 27.
About it Publika.az It reports with reference to “UrduPoint”.
According to the ICE London Stock Exchange, such a decrease was recorded for the first time since February 21 of this year (before the war).
“Gas futures in Europe fell nearly 6.6% on Tuesday, falling below $850 per thousand cubic meters for the first time since February 21,” the report said.
The nearest futures for January delivery on the TTF center were down 7% at $849.68 by 16:52 GMT.
It should be noted that the EU Council officially adopted the resolution creating the market correction mechanism to protect citizens and the economy from excessively high gas prices.
It should be recalled that earlier we wrote that the EU countries agreed to set the maximum price of Russian gas at the level of 180 euros/MW.
There are also conditions for stopping the cap due to unexpected results. In addition, in August-November, the European Union began to consume 20% less natural gas compared to the same period of the previous five years.
Huseyn Ibadli
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