Strike in Norway is over: price of gas in Europe is falling

The price of gas in Europe during trading on the exchange dropped below $ 1,700 per 1 thousand cubic meters. m on the background of the end of the strike of the Norway oil and gas industry, the ICE London Exchange testifies. The cost of gas as a whole from the beginning of the auction has fallen by more than 6%.

The price of the August futures on the TTF HABE in the Netherlands decreased to $ 1,646 per 1 thousand cubic meters. m, or € 155 per MW • h (based on the current exchange rate of the euro to the dollar, ICE prices are represented in euros for MW °).

Earlier, Reuters, citing the leader of the Lederne trade union, Ingvartsen, reported that the strike of the Norway oil and gas industry, which led to a new increase in gas prices in Europe, was completed. According to him, the government intervened in the situation, after which the production of hydrocarbons will resume.