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The price of natural gas per megawatt-hour in Europe decreases by 17% to €156 on the closing of October 7, the latest market data showed.
The November gas contract price on the TTF, the Netherlands-based virtual natural gas trading venue, closed September 30, Friday at €188.8 per megawatt-hour.
The measures taken by Europe regarding natural gas consumption and the occupancy rate in natural gas storages were effective in the price decrease.
The occupancy rate in Europe’s natural gas storages was recorded as 88.58% as of October 10.
Countries such as Belgium, Poland, Portugal and Germany reached an occupancy rate of over 90%.
As of 10.44 CET (08.44 GMT), the price of natural gas per megawatt hour is 150 euros per megawatt hour.¶
