https://sputnikglobe.com/20221223/gas-futures-in-europe-fall-by-7-to-below-935-per-thousand-cubic-meters-ice-exchange-data-shows-1105724550.html
Gas Futures in Europe Fall by 7% to Below $935 per Thousand Cubic Meters, ICE Exchange Data Shows
Gas Futures in Europe Fall by 7% to Below $935 per Thousand Cubic Meters, ICE Exchange Data Shows
Sputnik International
MOSCOW (Sputnik) - Gas futures in Europe are accelerating their fall by over 7% on Friday, falling below $935 per thousand cubic meters, according to data from... 23.12.2022, Sputnik International
2022-12-23T10:45+0000
2022-12-23T10:45+0000
2023-04-12T17:04+0000
economy
gas
gas prices
european union (eu)
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The nearest futures for January deliveries to TTF hub dropped by 7.5% to $932 as of 09:02 GMT.The decline in gas prices in Europe is caused by the cooling of the market due to a high occupancy rate for underground storage facilities. At the same time, EU energy ministers agreed on implementing a temporary mechanism to limit excessive gas prices, setting a price cap at 180 euros ($191) per MWh. The mechanism will apply starting February 15, 2023, and will be monitored by the Agency for the Cooperation of Energy Regulators (ACER).
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gas futures in europe, gas prices, gas futures prices
gas futures in europe, gas prices, gas futures prices
Gas Futures in Europe Fall by 7% to Below $935 per Thousand Cubic Meters, ICE Exchange Data Shows
10:45 GMT 23.12.2022 (Updated: 17:04 GMT 12.04.2023) MOSCOW (Sputnik) - Gas futures in Europe are accelerating their fall by over 7% on Friday, falling below $935 per thousand cubic meters, according to data from the London-based ICE exchange.
The nearest futures for January deliveries to TTF hub dropped by 7.5% to $932 as of 09:02 GMT.
The decline in
gas prices in Europe is caused by the cooling of the market due to a high occupancy rate for underground storage facilities. At the same time, EU energy ministers agreed on implementing a temporary mechanism to
limit excessive gas prices, setting a price cap at 180 euros ($191) per MWh. The mechanism will apply starting February 15, 2023, and will be monitored by the Agency for the Cooperation of Energy Regulators (ACER).
