Natural gas for 1 year delivery in Rotterdam is trading at around 300 euros per megawatt hour. In Paris, the supplier Engie lost more than 3%.
Gas prices drop sharply, stocks are rebuilding faster than expected in Germany | Photo credit: Shutterstock
Big lull, this Monday, on the front of natural gas prices, which relapse this morning for deliveries at 1 year in Rotterdam, around 300 euros per megawatt hour. This is their biggest drop since April.
The move comes as gas storage facilities in Germany are filling up faster than expected, said Robert Habeck, the economy minister. The largest eurozone economy is expected to reach the 85% fill target as early as next month, said a statement released on Sunday, which said Germany’s attempts to end Russian gas imports are succeeding ” to a very large extent “.
The ruling coalition in Berlin has called for the facilities to be 85% full by October and 95% by November.
On the Paris Stock Exchange, the title of the gas supplier Engie is down more than 3%, to 12.33 euros.