European gas price dips below €70

European gas price dips below €70
Credit: Belga

The European gas price dipped on Wednesday below €70 per megawatt/hour, its lowest level since February 2022.

The drop has been attributed to unusually mild temperatures, which have been depressing prices.

On the Dutch futures market, which sets the trend for prices continent-wide, the price dropped on Wednesday morning to €67 per mw/hr., about half of December’s gas price.

In summer, natural gas prices had peaked as high as €345 per mw/hr.

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