EU natural gas price ceiling agreement reached

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China Business News 2022-12-20 15:44:30

Editor in charge: Zhu Mengyun

The European Union has agreed on a ceiling on gas prices ahead of the onset of winter. After the news was released, natural gas prices fell back, with the European benchmark Dutch TTF natural gas futures currently down nearly 6% at 108 euros/MWh, slightly lower than the same period last year, but still three times the average level of the previous five years. How will the EU natural gas price limit affect the natural gas market? Let’s listen to the relevant analysis and judgment of Shenwan Futures energy and chemical analyst Dong Chao.

EU natural gas price ceiling agreement reached

The European Union has agreed on a ceiling on gas prices ahead of the onset of winter. After the news was released, natural gas prices fell back, with the European benchmark Dutch TTF natural gas futures currently down nearly 6% at 108 euros/MWh, slightly lower than the same period last year, but still three times the average level of the previous five years. How will the EU natural gas price limit affect the natural gas market? Let’s listen to the relevant analysis and judgment of Shenwan Futures energy and chemical analyst Dong Chao.

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