Gas price in Europe has fallen below $1,500

12:04 - 10.10.2022


October 10, Fineko/abc.az. In Europe, the price of gas fell below $1,500 per 1,000 cu m during trading on Monday.

ABC.AZ reports with reference to the foreign media that the price fell below $1,500 for the first time since June 29.

Monday's trading of futures contracts on the TTF index opened down 6%. So, the cost of gas is kept at around $1,489.

The drop in gas prices is associated with the approach to the maximum reserves in underground gas storage facilities in Europe. Currently, the warehouses are 91% full.