Gas prices in Europe fall below $1,100 per thousand cubic meters

On Thursday, exchange prices for gas in Europe dropped by almost 1% compared to the settlement price the day before, Report informs, citing the London Stock Exchange ICE.

November futures (according to the index of the largest European hub, TTF) opened trading with a decrease - at the level of $1,020.1 per thousand cubic meters (-5.4%). Then they reached $1,071.6. The dynamics of quotations are based on the settlement price of the previous trading day - $1,078.7 per thousand cubic meters.

In early March, due to fears of a ban on the import of Russian energy resources, gas prices renewed their historical highs for four days in a row. The price record of $3,892 per thousand cubic meters was reached on March 7.