Gascade gas compressor station in Eisleben. File photoMOSCOW, Apr 14 European gas futures are down more than 8% during Thursday trading and have already dropped below $1,100 per 1,000 cubic meters, according to London-based ICE. European hub TTF opened the trading session on Thursday in a small minus, in the region of 1200 dollars per thousand cubic meters. Around 15.00 Moscow time, prices began to gradually decline, and after 17.00 the decline accelerated. As of 17:55 Moscow time, the price was down to $1,085, down 8.6% from Wednesday's settlement price of $1,187. The euro settlement price was last lower than the current price on February 25.
Italy called for a reform of the veto system in the EU because of Russian gas
