European gas price drops below $650 per 1,000 m³ first time since September 2021
Stock price for natural gas in Europe has dropped below $650 per 1,000 m³, the lowest since 6 September 2021, as per the ICE. TASS noted previously that the gas prices are falling due to abnormally warm weather in Europe, which made it possible to reduce gas intake from storage facilities and fill them to record levels. At the end of December, gas prices dropped below $865 per 1,000 m³.