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European gas loses 11% as EU reveals new measures

Ursula von der Leyen

© APA | Ursula von der Leyen

# 19 October 2022 11:57 (UTC +04:00)

European gas futures lost over 11% on Tuesday as the European Commission proposed further measures to limit gas prices and increase stockpiles. Commission President Ursula von der Leyen also said gas storage in the bloc reached 92% capacity as the EU prepares for winter, APA reports citing Breakingnews. 

UK natural gas futures for delivery in November plunged 11.74% to sell for 207.100 pence per therm at 4:19 pm CET.

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