The price of gas in Europe collapsed at the close of trading to $800 after rising to a record high of $970

The price of gas in Europe at the close of trading on September 15, collapsed to the level of the previous day after the peak today reached nearly $ 970 per thousand cubic meters. This is evidenced by data from the ICE.

Thus, the cost of October futures on the TTF hub in the Netherlands at the close of trading fell to about $800 per thousand cubic meters.

In total, the gas price even fell by 0.78% on the day.

Earlier today, the price of natural gas increased by $150 against the previous day’s closing price, broke the historical record several times and reached nearly $970 per 1 thou. cu. m. at its peak.

Interviewed experts assumed that the price of gas in Europe could reach $1,000 per 1,000 cu.m. under certain conditions. The cost of fuel will depend on the situation on the gas market in Asia, the weather in Europe and the launch date of Nord Stream-2.