Falling gas prices in Europe

Futures prices for natural gas in Europe fell on Tuesday, with strong winds and mild weather forecast easing pressure on gas supplies across the continent.

The Bloomberg News Agency pointed out that hot weather in the early winter reduces demand for warmer weather, which led to lower gas prices, despite Russia’s hints that it would not increase the amount of gas it exports to Europe. European authorities approve magnificent natural gas pipeline. Controversial North Stream 2 carrying gas from Russia to Germany and Western Europe via the Baltic Sea.

At the same time, the presence of strong winds in the present day will lead to an increase to record levels from the wind power of Germany and Britain on Thursday, reducing the need to generate power plants with natural gas.

Dutch natural gas prices fell by 4.3 percent to 89.93 euros per megawatt-hour of electricity supply next month, a record price in the European market. Gas prices in the UK fell 4.8 percent to 225.91 pence a million pts. Carbon emissions and electricity allocations in Germany also fell yesterday.

Print
Email




See also  UAE Central Bank Launches First Phase of Digital Dirham Strategy
  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 73 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space