The price of gas in Europe fell below $1,400 per 1,000 cu.m. for the first time since 1 March, according to data from London's ICE exchange.

The price of April futures on the TTF hub in the Netherlands fell to $1 370 per 1,000 cubic meters, or 120.01 euros per MWh (based on the current euro/dollar exchange rate, prices on the ICE are in euros per MWh)

Overall, the cost of gas has fallen by 23% since the start of trading.