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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.
This article was written... Read More Posted: Dec 19 2022, 15:36
Author Name: forexlive
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