LGas prices in Europe fell sharply on Wednesday, following the announcement of the resumption of deliveries to Italy by Gazprom.
On the Dutch reference market, the price fell by 6% to 160 euros per Mwh, the lowest level since the 155 euros at the end of July.
In addition to the resumption of deliveries from Gazprom to Italy, “concerns about shortages this winter have been debunked by a recent report from the International Energy Agency”, underlines an expert from Commerzbank.
The situation could improve further thanks to a reduction in consumption which would drive up reserve stocks, according to the German bank.
On August 25, following the interruption of traffic via the Nord Stream 1 gas pipeline, the reference price had reached 311 dollars.