17 Oct 2026
Gas price in Europe continue decline amidst plans to pump through Nord Stream 2
The price of gas in Europe accelerated its decline during trading on Thursday and reached $480 per thousand cubic meters after Gazprom's statement on the possibility of pumping gas through Nord Stream 2 in 2021, according to the ICE data presented on Thursday.
To date, the price of gas has somewhat won back the fall and is trading at a level slightly above $490 per 1,000 cubic meters or 41.07 euros per MWh (based on the current euro-dollar exchange rate, ICE prices are presented in euro per MWh). The overall drop in gas prices per day is already 9.4%.
The cost of the September futures contract on the TTF hub in the Netherlands went down to $507 per 1000 cubic meters or 42.3 euros per MWh The cost of gas was at $ 527 per 1,000 cubic meters until the release of the statement, which is almost 4% higher than the current indicator, TASS reported.
Earlier, Gazprom said that 5.6 bln cubic meters of gas could be supplied through the Nord Stream 2 gas pipeline in 2021.
On August 18, the gas prices in Europe also went down by almost 10% due to the information that gas pumping through Nord Stream 2 already began, however it managed to win back part of the fall.
Latest news
Latest newsBulgaria Asks NATO to Strengthen Its Defences Amid Black Sea Threats: Sofia Fears Growing Risks to Maritime Shipping
16.Oct.2026
Black Sea Shipping Risks Threaten Bulgaria’s 5 Million Tonnes of Wheat Exports
15.Oct.2026
Georgia’s Foreign Funding and Political Ban Laws Draw Criticism from the Venice Commission
15.Oct.2026
Kazakhstan Promotes a Caspian Green Energy Corridor: Astana Seeks New Routes to the European Market
14.Oct.2026
Inflation in Romania Accelerates to 6.61%: Rising Prices Increase Pressure on Households and the Economy
13.Oct.2026
Can Europe Protect the International Criminal Court from Trump’s Sanctions?
13.Oct.2026
Georgia’s Constitutional Court Continues Case on Banning Opposition Parties: Political Pluralism at Stake
12.Oct.2026
Azerbaijan and Iran Step Up Security Contacts Amid Hijab Protests
12.Oct.2026
Personnel Shortages Complicate Ukrainian Forces’ Rotation: Ukraine Faces Long-Term Challenges on the Front Line
11.Oct.2026
Trump Eases Sanctions on Russian Fuel After Talks with Putin: Kyiv Fears Boost to Moscow’s War Revenues
10.Oct.2026
Putin Seeks to Strengthen Russia’s Influence in the Post-Soviet Space Through the CIS
10.Oct.2026
Russia and the South Caucasus: External Pressure, Political Competition and a Crisis of Trust
10.Oct.2026
Peaceful Settlement Between Armenia and Azerbaijan: Moving from Declarations to Implementation
10.Oct.2026
Moldova Ready to Accept as Many Ukrainians as Necessary if Situation Worsens This Winter
09.Oct.2026
Turkmenistan Turns Avaza into a Regional Diplomatic Hub as Caspian, Central Asian and CIS Agendas Converge
08.Oct.2026