A worker at a gas storage facility in Gronau, Germany. File photoMOSCOW, Apr 25Gas prices in Europe have continued to decline since the first days of April, dropping to almost $1,020 per 1,000m3 at auction on Monday, according to data from the London-based ICE exchange. The cost of May gas futures on the index of the largest European hub, TTF at the opening of the trading session slightly exceeded $1,070 per thousand cubic meters and in the first hour of trading briefly stayed above $1,100. However, the indicator soon turned negative (Friday's settlement price was $1,059.5), and by the close of the trading session it accelerated the rate of decline. The latest futures traded at $1,020.
Poland is ready to easily abandon Russian gas, Gaz-System said Gas prices rose sharply in late winter and early spring — after Russian President Vladimir Putin on February 21 signed decrees recognizing the sovereignty of the Donetsk and Luhansk People's Republics, and on February 24 Russia began military operation in Ukraine. In early March, due to fears of a ban on the import of Russian energy resources, the price of gas reached its historical highs for four days in a row, after which it fell by more than three times by the middle of the month. The price record of $3,892 per thousand cubic meters was reached on March 7.
Uniper considers it possible to pay for gas from Russia in euros Europe began last spring, when the average spot price on the TTF hub index fluctuated in the range of 250-300 dollars per thousand cubic meters. At the end of summer, the value of a contract with a day-ahead delivery exceeded $600, and in early October it was already $1,000. main suppliers and low levels of occupancy of European underground storage facilities after long cold winters and hot summers. Such persistently high prices have not been seen in the entire history of the operation of gas hubs in Europe — since 1996. Russian gas in rubles
