In Europe, the price of 1000 cubic meters of gas has dropped below 750 dollars.

In other words, the price of gas decreased by more than 3% in one day.

"APA-Economics" reports that this price was recorded on the London ICE exchange for the first time since November 2, 2021.

According to information, the price of February futures at the TTF hub in the Netherlands fell to $733 per 1,000 cubic meters.

The main reason for this is the warm weather in Europe.

"Temperatures in the majority of EU countries remain above climate indicators, which has not only reduced gas withdrawals from storage, but also increased their injection to record levels. In addition, the share of wind in EU electricity generation is stable at 20% or more continues to remain," Russian media reported.