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Frequently asked questions

How are natural gas prices calculated?

Some years ago the price of natural gas was indexed to the price of crude oil. In recent years this has changed and a number of trading hubs and exchanges have developed across Europe which serve as spot markets and reference gas prices. The euro/dollar exchange rate also influences prices, since oil products are normally traded in dollars. Other factors that influence gas prices are mainly a function of market supply and demand, including natural gas production, net imports, underground storage levels, economic conditions, weather conditions, and petroleum prices.

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