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“Natural Gas Prices Hit Lowest Point in Almost Two Years Due to High Supply and Warm Weather”

European natural gas prices continued their decline, reaching their lowest level in nearly two years on Thursday, due to markets that are well saturated with comfortable stocks in Europe and a rise in temperatures that leads to a decline in demand.

At around 14:00 GMT, Dutch gas futures contracts (TTF), which is the European reference, were traded at 29.90 euros per megawatt hour, after reaching 29.85 euros per megawatt hour. This price has not been recorded since June 2021.

2023-05-18 14:51:54
#European #gas #fell #euros #time #years

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