January 5, 2023, 11:27 – Public News Service – OSN

Gas prices in Europe at the start of trading on the London ICE exchange on January 5 amounted to $700 per 1,000 cubic meters. This is the first time this has happened since September 2021.

The price decrease at the beginning of this day is almost 3% – 2.8%.

The cost of February futures at the TTF hub is now $696.3 per 1,000 cubic meters. By the beginning of 10:00 Moscow time, it cost 796.3 dollars per 1 cubic meter.

Recall that the price of fuel has been declining for three weeks in a row. Prior to this, on December 22, EU representatives approved a ceiling on gas prices at the level of 180 euros per MWh, which equals almost 2,000 dollars per 1,000 cubic meters. The restriction will come into force on February 15 this year.

Earlier, according to the London ICE exchange, gas prices in the EU collapsed below $750 per 1,000 cubic meters. The operator published the relevant information on Wednesday, January 4.