The price of March futures contracts traded at TTF, the Netherlands-based virtual natural gas trading point with the deepest depth in Europe, decreased by 15 percent.
March future natural gas contracts, which rose to 83.60 euros yesterday, closed the day at 80.77 euros. The natural gas price was traded at 68.50 euros, down 15 percent compared to yesterday's close.
Europe imports about 40 percent of the natural gas it consumes, in other words 175 billion cubic meters, from Russia. Russia, on the other hand, sends its gas to the continent mainly via Yamal-Europe, which passes through Belarus and Poland, the Nord Stream pipelines using the Baltic Sea, and Ukraine.
EU Commission officials state that 40 percent of the gas imports of the member countries are met by Russia and 38-39 percent by Norway.
Oil prices are also falling
The decrease in the tension between Russia and Ukraine accelerates the decrease in oil prices.
While the Russian Ministry of Defense announced that some of the military units that completed their duties within the scope of the exercises yesterday started to return to their bases, Russian President Vladimir Putin said that they did not want a war in Europe and that they made proposals regarding the negotiation process.
With the statements made partially calming the tension between the two countries, the retreat in oil prices accelerated.
The barrel price of Brent oil, which rose to $ 96.26 yesterday, decreased by 2.90 percent as of 09.50 hours today and traded at $ 93.56.
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