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EU nations agree to natural gas price cap - Czech Presidency

EU nations agree to natural gas price cap - Czech Presidency

This was rumored so it doesn't come as a surprise. TTF prices are down 6.4% today on better weather forecasts for late December.

We'll wait on the details of the cap but I believe it's related to average prices over two weeks.

With China returning and Japan in need of gas for the spring, it will be an interesting market.

Update: The cap is 180 euros per MwH, up from 175 originally suggested. It can be triggered starting Feb 15.

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Posted: Dec 19 2022, 15:36
Author Name: forexlive
Views: 102445

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