The price of European natural gas has fallen to its lowest level since the build-up to Russia’s full-scale invasion of Ukraine, boosting the EU and UK economies and delivering a blow to President Vladimir Putin’s war effort. The benchmark gas price on Friday fell below €50 per megawatt hour for the first time in almost 18 months, down to €48.90/MWh, as traders report growing confidence that European countries will avoid shortages this winter and next. The gas benchmark peaked at … read more »
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