The last of the year gas futures prices in Europe fell more than 20%, below $ 800
Photo: Maxim Shemetov / Reuters
Gas futures in Europe fell by more than 20 percent on the last day of trading in 2021. This is evidenced by data from ICE Futures.
Bidding for February deliveries on the Dutch TTF index ended below $ 800 per thousand cubic meters. The closing price was $ 779.4, while in the afternoon the drop reached $ 765.3.
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In the fall of 2021, Europe faced a gas crisis. Due to supply disruptions, low European storage capacity and high demand due to low temperatures, the price of gas rose sharply for several weeks.
At its peak, the price of one thousand cubic meters of gas exceeded $ 2,100. However, then quotations began to decline, including due to the redirection of tankers with liquefied natural gas (LNG), en route to Asia, to European ports.
