The price correction was prompted by a fall in the price of gas, which accounted for 20 % of power generation in Britain and the EU, according to incomplete 2021 figures. At the beginning of January 2021, the price of gas on Europe’s key TTF hub stood at $29 per million British thermal units, while at the end of the year, it had declined to $24.40 per million BTUs. Trading “calmed” the sharp increase in imported liquefied petroleum gas, which occurred in the final months of last year – in the first three quarters of 2021 Europe reduced its LNG imports year-on-year by 17 % (to 94 billion cu.m. in regasified form), ... (full story)