March (nearest) futures on the TTF index (the biggest hub in Europe, located in the Netherlands) opened trading at $554.9 (-0.8%) per 1,000 cubic meters. Then they fell to $537 (-4%). The dynamics of quotations is based on the settlement price of the previous trading day - February 24 - $559.1 per 1,000 cubic meters.
At the same time, the indicator is almost three times lower than the estimated price for the same date last year - $1,555.5.
Exchange prices have shown a steady decline since the end of last year. So, for example, on February 18, gas prices for the first time since August 26, 2021, fell below $550 per 1,000 cubic meters and since then have been around $530-570.
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