After a significant rise over the past two days, gas prices in Europe have lost 12% of their value, falling to $1,180 per 1,000 cubic meters, according to the London ICE Stock Exchange.
And the cost of futures contracts for December on the index of the largest European center TTF, located in the Netherlands, at the level of 1282.6 dollars per thousand cubic meters, a decrease of 3.9 percent.
At 19.32 Moscow time, its cost was 1172.6 dollars (-12.1 percent). The dynamics of quotations depends on the settlement price of the previous trading day, that is, $1,334.6 per thousand cubic meters.
The price of gas on the stock exchange jumped by 20 percent following the results of trading last Monday, amounting to about $1,250 per thousand cubic meters, and by the end of Tuesday, by about 8 percent, to $1,300. Spot gas prices also rose sharply.
It is worth noting that in early March, gas prices, due to fears of a ban on the import of Russian energy resources, updated their historical highs for four days in a row.
Then the record of $3,892 per thousand cubic meters was recorded on March 7.
Then, in April and May, the price of gas fell, but rose again in the summer.
Source: News