MarketWatch

European natural-gas prices drop to levels not seen in more than a year as first anniversary of Russia-Ukraine war approaches

By Barbara Kollmeyer

17 Feb 2023 · 2 min read

Editor's Note

Fear of Europeans freezing in their homes have dissipated as natural-gas prices fell to their lowest levels in more than a year, MarketWatch reports, thanks to stockpiles and warmer temperatures.

European natural-gas prices fell to a level not seen more than a year on Friday, with warmer winter temperatures and stockpiles amassed across the region helping drive down the cost of the commodity.

The March futures contract was trading at €48.95 per megawatts hour, or MWh, on Friday, under €50 for the first time since around August 2021, based on the bloc’s leading gas benchmark, the Dutch Title Transfer Facility.

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