Gas prices will not fall quickly – European Commission

Market conditions indicate that gas prices are unlikely to fall quickly to levels of previous years, according to the European Commission’s gas market report for the third quarter of last year

Gas prices will not fall quickly - European Commission

Wholesale gas prices in Europe continued to rise strongly in the third quarter. The EU’s gas import bill rose more than fivefold to €40bn in the third quarter.

“Spot contracts rose from €37 per MWh to €85 per MWh, such highs at European hubs were almost non-existent before. After the third quarter of 2021, their price has risen to over €100 per MWh”, –  the report said