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Gas prices linger near 2-year lows amid healthy supply


26 May 2023 10:41

26 May 2023 10:41

(Montel) European benchmark gas prices continued a downward trend on Friday, extending a two-year low amid an abundance of supply.

In morning trading, the TTF front month fell to EUR 24.25/MWh, the lowest level since 20 May 2021. The contract was last seen at EUR 24.72/MWh, down by EUR 0.73.

In the UK, the front month declined to 56.76p/th, the lowest level since 29 April 2021. It was last seen trading at 58p/th, down by 0.58p on the day.

Benchmark TTF gas prices have plunged more than EUR…

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