Price of gas in Europe sank below $ 280 per 1 thousand

The price of gas in Europe, following the results of exchange trading on Thursday, dropped below $ 280 per 1 thousand cubic meters. m for the first time in more than two years.

This is evidenced by the data of the Ice London Exchange.

The total price decrease per day exceeded 10%. The cost of the June futures on the TTF hub in the Netherlands decreased to $ 277 per 1 thousand cubic meters. m, or € 24.94 per MW · h.

The price of gas in Europe is reduced against the background of high filling of gas storage facilities, record revenues of liquefied natural gas and warm weather. The fullness of storage facilities is about 66.5%, and the receipts of LNG from terminals to the gas transportation system of Europe in April reached an absolute maximum in the history of observations – 12.07 billion cubic meters. m. Record streams of LNG in Europe are preserved in May.