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Hungary: Day-ahead gas price dropped to 31 euros per MWh on Sunday in Week 27

The average weighted price of natural gas on the day-ahead market of the Hungarian gas exchange CEEGEX decreased for the weekend (July 15-16) to 31.05 euros per MWh. During the working week spot gas price varied from about 31 to 36 euros per MWh.

The gas price on CEEGEX recorded an almost continuous decline since mid-December last year – on December 14, gas was traded for 128.5 euros per MWh, and in the first days of January, the price dropped to 70.8 euros per MWh. The spot price dropped to 25 euros per MWh in the first week of June. That is the lowest price level in the last 20 months.

On the CEEGEX within-day market, the last transactions were recorded on July 16, and the price amounted to 29 euros per MWh.

August futures on the TTF exchange decreased by 2.1% on Friday to 24.4 euros per MWh, while the price for the fourth quarter was 41.6 euros per MWh. CAL 24 reached 48.6 euros per MWh.  

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