Dutch TTF natural gas prices have dropped yet again, reaching 25 EUR/MWh today,the same level as it was from 2014 to 2019

5 comments

  2. in case you were wondering whether the price declines are felt by companies:

    last year Uniper receive**d 15 billion euros bailout from the German government to cover its losses**

    [https://www.reuters.com/markets/deals/germanys-uniper-gets-15-bln-eur-state-bail-out-avert-collapse-2022-07-22/](https://www.reuters.com/markets/deals/germanys-uniper-gets-15-bln-eur-state-bail-out-avert-collapse-2022-07-22/)

    this year Uniper made almost 8 billion euros IN PROFIT in q1 2023 alone

    [https://www.reuters.com/business/energy/uniper-swings-quarterly-profit-maintains-2023-guidance-2023-05-04/](https://www.reuters.com/business/energy/uniper-swings-quarterly-profit-maintains-2023-guidance-2023-05-04/)

    so the German goverment will save 15 billion euros this year just because Uniper wont need to be bailed out anymore

    not to mention the 200 bn euro fund to help German companies deal with gas prices,which cant be largely used because gas prices are too low right now

    [https://www.reuters.com/business/energy/price-falls-red-tape-curb-demand-businesses-german-energy-subsidy-2023-02-10/](https://www.reuters.com/business/energy/price-falls-red-tape-curb-demand-businesses-german-energy-subsidy-2023-02-10/)

    >But Christian Otto, head of the VEA industrial energy consumers group, estimates that only 20% of its 4,500 membe**rs will make use of the emergency brake because spot prices have already fallen below the levels at which it kicks in.**

  3. Due to inflation and erosion of the euro, it’s actually lower than that.

    EU(some more then others) just found out it was fooled by russians that without Russia there is no such thing as cheap gas.

    Maybe it will be a lesson to stop being dependent on one major country to have imports and look to diversify.

  4. I hope traders in Europe are perma-pushing that bid button until storage is full. This can change when Asian demand picks up again.

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