Gas cost in Europe fell lower than $300 for 1000 cubic meter

Gas prices in Europe fell lower than $300 for 1000 CBM. The cost of gas futures updated a minimum almost in two years. In the market there was an excess of gas, and the industry in Europe and China cannot increase demand yet, noted information agency "Bloomberg" the Cost of contracts by delivery natural gas in June on TTF hub in Netherlands during auctions fell lower than $300 for 1000 CBM. As of 12:50 Moscow time futures cost on a minimum €25,8 for 1 Mvtch. It is about 7,1% less, than there was on closing of auctions on May 24, and the minimum value since June, 2021. The sum corresponds about €272,2 for 1000 cube...