Europe gas under 50 euros first time since late 2021
Europe’s natural gas price on Friday sank under 50 euros for the first time in nearly a year and a half, as a mild winter curbs heating demand.
The price of benchmark Dutch TTF gas is now almost seven times lower than the record high struck after key gas producer Russia launced its invasion of Ukraine almost one year ago.
“European gas prices have fallen by 50 percent since November thanks to unusually warm weather and muted… competition with China when its zero-Covid strategy was still in place,” noted UniCredit analyst Edoardo Campanella.
