The price of European natural gas fell again on Tuesday and fell further below the mark of 100 euros per megawatt hour. In the morning, the price of the TTF futures contract for Dutch natural gas slipped by around four percent to EUR 94.59 per megawatt hour. The TTF contract serves as a guideline for the European price level. Gas prices have been falling since the end of last week, with the TTF futures contract falling below EUR 100 for the first time since June at the beginning of the week. Since the beginning of the month, the price of European gas has fallen by almost 50 percent. The listing reached a record high at the end of August at EUR 342 per megawatt hour. At that time, a stop in the supply of natural gas from Russia triggered sharply higher prices. The market referred to mild autumn temperatures, which keep natural gas consumption low.
TTF contract – wholesale gas cheaper – economy
