Gas futures prices in Europe on Monday, after reaching a record $ 3,892 per thousand cubic meters by the close of the trading session, lost more than $ 1,300, dropped to almost $ 2,550 per thousand cubic meters, according to data from the London ICE exchange.
The price of April futures on the index of the most liquid TTF hub at the opening of trading amounted to $ 2,366.8 per thousand cubic meters and showed steady growth from the first minutes. Quotes for an hour and a half increased by about $ 1,500. The price maximum was amounted to $ 3,892 per thousand cubic meters. This is 79% higher than Friday’s estimated price of $2,170.2.
But then the prices for an hour lost about $ 1,000 and fell to the level of $ 2,900. Then the quotes decreased the growth rate and by the close of trading dropped to almost $ 2,550, which is 17.9% higher than the estimated price of the previous trading day.