On the Amsterdam gas exchange, the price per megawatt hour fell by 2% to 34.29 euros. The price of gas reached a peak of over 340 euros last year due to uncertainty about gas supplies in Europe and the interruption of gas supply by Russia.
Rapidly increasing LNG imports, lower gas consumption due to high prices and relatively mild weather conditions helped Europe avoid an energy crisis this winter. However, weather conditions and climate problems remain a major factor in gas price trends in the coming months. Last summer, Europe experienced abnormal heat and drought, leading to an increase in the use of fossil fuels such as gas.
It will probably take a heat wave in Europe or Asia to change the picture on the market. For now, the market remains calm due to strong supply,” experts at energy trader Energi Danmark said.