[HIGHLIGHTS] Gas prices at their lowest in nearly two years

Gas prices continued to fall on Friday, May 5, reaching a low in nearly two years due to high storage levels and the arrival of milder temperatures. The Dutch FTT futures contract, considered the European benchmark, fell on Friday 5 May to 35.125 euros per megawatt hour (MWh), a new low since July 2021.

European natural gas has fallen by more than 52%, far from its all-time high reached in March 2022 at 345 euros per MWh, at the beginning of the war in Ukraine.