It is noted that in August the price reached up to 339 euros per megawatt hour on the Dutch exchange trading hub (TTF)
The price of natural gas is falling today, Monday, reaching 94.5 euros per megawatt hour, a drop of almost 17%.
It is noted that within August the price reached up to 339 euros per megawatt hour on the Dutch stock exchange trading hub (TTF), increasing by more than 1,000% compared to before the crisis.
Crude fell 2.31% to $83 a barrel, while Brent fell 1.63% to $91.9 a barrel.
With “ally” in the summer
The drop is due to the fact that until the end of the month in Europe, an unusual summer is predicted. At the same time, abundant supplies of LNG (liquefied natural gas) have allowed Europe’s natural gas storage facilities to fill up, with Germany’s stock level reaching 96%.
Also last week, European Union governments agreed in emergency measures to tackle the high cost of energy, including a cap, but also a plan to create common gas markets.
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