# bne IntelliNews - The price Europe pays for Russian gas fell to its lowest level in 15 years

> Gazprom's accounts show the average price Europe paid for Russian gas fell to $169.8 per thousand cubic meters in the third quarter, a 32% drop from a year earlier and the lowest level in 15 years. Gazprom's export sales to Europe and non-CIS countries fell 37% year on year. The decline is attributed to LNG competition pushing excess supply into Europe.

- Date: 2019-12-04 · published 2019-12-04T12:00:00.000Z
- Category: report · region Europe · magnitude low
- Page: https://feedsoft.ai/events/55771-bne-intellinews-the-price-europe-pays-for-russian-gas-fell-to-its-lowest-level
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cheap Russian and LNG gas in Europe signals a persistent global energy glut that weighs on energy-linked costs and gas-fired fertilizer economics. The direct effect on feed grain prices is small.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-07-01 | [U.S. Henry Hub natgas prices for June fall to lowest in 20 years \| BOE Report](https://feedsoft.ai/events/58276-u-s-henry-hub-natgas-prices-for-june-fall-to-lowest-in-20-years-boe-report.md) | +1.4% | -7.5% |
| NATGAS | 2025-09-29 | [Natural Gas Price (NG=F) Slips to $2.88 as U.S. Inventories Jump 90 bcf, EU Fast-Tracks Russian LNG Ban, AECO Turns Negative](https://feedsoft.ai/events/23062-natural-gas-price-ng-f-slips-to-2-88-as-u-s-inventories-jump-90-bcf-eu-fast.md) | +13.6% | +13.6% |
| NATGAS | 2022-10-21 | [Natural Gas Extends Selloff As Latest Storage Report, Freeport News Feed the Bears](https://feedsoft.ai/events/12790-natural-gas-extends-selloff-as-latest-storage-report-freeport-news-feed-the.md) | +0.3% | +20.2% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2019-12-03 | [Global Gas Markets: Key Spot Prices \| Energy Intelligence](https://feedsoft.ai/events/55770-global-gas-markets-key-spot-prices-energy-intelligence.md) | -4.7% | -7.4% |

## Sources

- intellinews.com: https://www.intellinews.com/the-price-europe-pays-for-russian-gas-fell-to-its-lowest-level-in-15-years-172795/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.