Sharp decline in natural gas prices in Europe

Prices of natural gas futures contracts in Europe recorded a significant decline today, Wednesday, after rising 60% in the past two days.
And Bloomberg News Agency indicated that prices fell today after Russian President Vladimir Putin’s statements about his country’s readiness to contribute to the stability of energy markets, and the possibility of increasing its exports of natural gas to Europe.Dutch and British natural gas prices fell more than 7% today after rising to a new record level earlier today.

Natural gas prices in the United States also fell 8.3%, after reaching their highest level in 12 years earlier today.

In Amsterdam, the price of natural gas futures fell today 7.3% to 107.50 euros per megawatt-hour for delivery next month.

The price rose earlier today by 40%, after rising 20% ​​on Tuesday.

Despite the decline, Dutch and British prices are still about 6 times higher than the average gas prices in the past five years, at this time of year.

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