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Gas closes below 50 euros for the first time since December 2021

2023-02-17T17:30:20.827Z


The price of gas slips below 50 euros per megawatt hour for the first time since December 2021. TTF futures, a reference point for the price of natural gas in Europe, closed in Amsterdam down 5.98% at 48.9 euros . (HANDLE)


(ANSA) - MILAN, FEBRUARY 17 - The price of gas slips below 50 euros per megawatt hour for the first time since December 2021. Ifuture TTF, a reference point for the price of natural gas in Europe, closed in Amsterdam down by 5.98 % at 48.9 euros.


   From the peak of 340 euros per megawatt hour, marked at the end of last August in the wake of the cut in Russian supplies, gas has lost over 85% of its value due to a mild winter, reduced consumption, diversification of supplies and a more massive use of liquefied gas.

Factors that have, at least for now, averted the risk of an energy crisis in Europe.

(HANDLE).


Source: ansa

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