2/17, 8:53 AM (Source: TeleTrader)
more TeleTrader news

F GAS-0.21%

Chart for: F GAS 6/23

European gas drops over 3% on weaker demand

European gas prices for future contracts declined over 3% on Friday, with the Dutch TTF natural gas futures, which serve as the benchmark across the continent, coming down to its lowest level since December 2021, selling below €50 per megawatt hour.

The demand for the commodity seemingly reduced owing to warmer-than-expected temperatures for this time of the year.

For deliveries in March, UK natural gas futures slipped 3.48% to go for 125.000 pence per therm at 8:40 am CET. The Dutch TTF for settlements in March dropped by 4.25% selling at €49.80 per megawatt hour a minute later.

Baha Breaking News (BBN) / AB