Gas prices in Europe fall 3.5%

European gas exchange prices fell 3.5% on the last Monday of winter, hovering below $380 per 1,000 cubic meters, Report informs referring to the London ICE exchange.

March (nearest) futures on the most liquid European TTF hub in the Netherlands opened at $377.2 (down 3.2%). Subsequently, the price reached $376.2 (down 3.5%).

The price dynamics are based on the previous trading day's settlement price of $389.7 per 1,000 cubic meters.