London:Gas prices in Europe have decreased by 2.6 percent, reaching $928.5 per thousand cubic meters. This change is based on recent data from the London ICE exchange.
According to Oman News Agency, December futures, which are the nearest contract, began trading on the TTF benchmark at $938.3. This figure represents a 1.6 percent decline before settling at the same level, compared to the previous day's settlement of $953.2.
Geopolitical events have been pushing gas prices steadily higher throughout the year, with prices surpassing the $1,000 mark last October. This increase coincided with the European Union starting the new heating season with gas inventories under 75 percent, specifically at 74.56 percent at the beginning of November.
The European Network of Transmission System Operators for Gas has projected that gas inventories in underground storage facilities could drop to 11 percent capacity by the end of the next winter if restrictions on liquefied natural gas supplies continue.