European gas prices at their lowest level since June

European gas prices at their lowest level since June
Credit: Belga

The European gas price on the Amsterdam Stock Exchange fell on Monday morning, posting at €135 per megawatt hour, its lowest level since the end of June.

This downward trend could be attributable to the European Union’s desire to take measures to curb the volatility of gas prices.

The price slide came as traders braced for a proposal from the European Commission to place a price cap on wholesale markets if the energy crisis spirals into an emergency.

Russian state-owned energy giant Gazprom threatened on Sunday to halt natural-gas exports to the European Union if the EU were to take such a move.


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