The cost of gas in the European market has fallen sharply

17:55 29 August Kyiv, Ukraine

On August 29, according to the trading data, it became known about a sharp decrease in the cost of gas in the European market.

The spot gas price at the TTF site in the Netherlands for day-ahead delivery is $2,810 per thousand cubic meters, or EUR 272.03 per MWh.

As Bloomberg writes, gas prices began to fall after Germany said its gas storage facilities were filling up faster than planned, and some traders took profits after the rally in recent weeks.

After that, the quotes fell by more than 20%, partially offsetting last week's jump by almost 40%.