European gas prices continue to fall

Another 5% decrease in the price of gas during the auction on January 23, 2023.

Almost 5% loses the value of February futures on the TTF index, reaching $725 per thousand cubic meters, according to the London-based ICE exchange.

Against the backdrop of cold weather and snow in the coming days, demand for gas may slightly increase, but next week temperatures are again expected to exceed seasonal averages, writes Bloomberg.

And the occupancy of European storage facilities is encouraging – it is 78%, which is significantly higher than the average level for these dates for five years – 58%. So Europe is going through this winter without too many difficulties and shocks, with solid reserves and significant imports of liquefied natural gas (LNG).

As our publication reported, in Greece, the state energy corporation and other electricity suppliers announced about a significant reduction household electricity bills in February.

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