Gas prices in Europe decreased by almost 10% at the end of Tuesday's trading, to $ 387 per thousand cubic meters, data from the London ICE exchange. September (upcoming) futures on the TTF index (Europe's largest hub located in the Netherlands) opened trading at $ 424.1 (-1.1%) per thousand cubic meters. Tuesday's price maximum was $432.7 (+0.9%). The latest futures were trading at $387.2 (-9.7%), which became a price low. The dynamics of quotations is given from the estimated price of the previous trading day - 429 dollars per thousand cubic meters. On Monday, gas prices rose by 8%, to $ 420 per thousand cubic meters. Experts called the growth driver the decline in pipeline gas exports from Norway and the concerns of market participants regarding failures in the supply of liquefied natural gas (LNG) from Australia due to possible strikes at large Australian LNG enterprises of the American oil and gas company 'Chevron.'

Source: Turan News Agency