European natural gas prices fall to 18-month low as energy crisis ebbs via IrishTimesBiz
Mr Gloystein added that the TTF was “still expensive, but no longer needs to price in the risk of outright shortages”.
Soaring gas prices stoked a cost of living crisis last year and fed into high inflation as Russia weaponised its gas supplies to Europe in retaliation for western support for Ukraine, cutting off the majority of exports. Household bills are unlikely to fall as fast, as suppliers will have hedged gas and electricity for consumers when prices were at much higher levels. But the decline in the wholesale price should eventually feed through to lower bills.With only six weeks of winter remaining, gas storage levels in Europe, one of the key metrics for avoiding shortages, stood at about 65 per cent full as of Wednesday, according to trade group Gas Infrastructure Europe, well above normal levels for the time of year.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Irish government needs to tighten up employment of special advisors, European body saysA European anti-corruption body says reforms are needed to deal with potential conflicts of interest for special advisors before and after they work for the Irish government.
Read more »
Deputy Central Bank governor Sharon Donnery in the race for top European banking jobDonnery has been tipped to take over as the chair of the body overseeing the European Central Bank
Read more »
Irish woman behind EU Covid-19 vaccine rollout honoured as European of the YearEmer Cooke has been head of the European Medicines Agency since November 2020
Read more »
Deputy Central Bank governor Sharon Donnery in the race for top European banking jobSharon Donnery, the deputy governor of Ireland’s Central Bank, has been tipped as a leading candidate for one of Europe’s top banking roles.
Read more »
European gas prices slump as energy crisis recedesPrices have plunged by more than 80 per cent from their August peak
Read more »
Mercedes-Benz reports profit rise but warns on slow demand in EuropeMercedes-Benz reports profit rise but warns on slow demand in Europe via IrishTimesBiz
Read more »