Gas prices in Europe fall to $300
Tuesday June 6 Morning Sales , the exchange price of natural gas on the Dutch TTF hub fell by 14 percent compared to the closing level of the evening session on the 5th.
Thus, the quotes of July futures for gas supplies fell to $ 300 per thousand cubic meters, as evidenced by the data of the London ICE exchange.
The maximum level of contract prices for gas supplies in July was fixed at $341 per thousand cubic meters.
The day before, gas prices in Europe rose by more than 20 percent after falling to the lowest level over the past few years in the amount of $250 per thousand cubic meters.
The growth of gas prices is associated with a number of factors, including the approaching hot weather in European countries, as well as the decision of the European Commission not to extend the emergency measures in the energy market.