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Gas price continues to fall as LNG ships sail to Europe

Since the highest price of at least 188 euros per megawatt-hour reached on December 21, just over two weeks ago, the price on the Dutch futures market, the leader in European gas prices, has exactly halved.

That’s because more natural gas (liquefied) tankers are sailing to Europe instead of the Far East, energy analyst Gilles van den Bokel explains. Most importantly, it’s not too cold in Europe right now for this time of year, he says. If it is not cold, less gas is used.