MOSCOW, Feb 15 March gas futures prices in Europe after jumping above $1,000 the day before per thousand cubic meters fell below $800, according to the London ICE exchange. The cost of contracts at 19:52 Moscow time fell to $798.7 for a moment, which is more than 16 percent lower than the settlement price the day before — $943.7.
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The quotes fell below $800 on January 3, when they fluctuated in the range of $770-990. Gas futures began to rise significantly last summer: by the end of August, they the cost rose from 250-300 to 600 dollars per thousand cubic meters, in October for the first time exceeded one thousand dollars, and on December 21 reached a historical maximum — 2190 dollars. This was followed by some pullback, but prices remain consistently high, which has not been observed in the entire history of the operation of gas hubs in Europe. Experts attribute this to the low level of occupancy of European underground storage facilities, limited supply from major suppliers and high demand for liquefied natural gas in Asia. The authorities of European countries have repeatedly accused Russia of provoking the energy crisis. Vladimir Putin called these statements nonsense. He recalled that he offered Brussels to leave long-term contracts for the supply of raw materials, but the European Commission insisted on market pricing, which ultimately led to a crisis. map: Russia prepared to ruin Europe