During trading on London's ICE exchange on Friday, September 16, the cost of natural gas fell by more than ten percent compared to Thursday's closing level, according to data from the site.

October futures fell to the level of $2030 per thousand cubic meters. The day before, fuel prices were as high as $2,500.

The fuel price growth the day before might have been related to the warning of foreign suppliers of liquefied natural gas (LNG) about the impossibility to drastically increase supplies during the winter period. However, a day later the speculative premium wiped out.

Josep Borrell, the European Union's High Representative for Foreign Affairs and Security Policy, said the region had made significant progress in overcoming its dependence on Russian gas, which was no more than 10 percent as of early fall.

On Wednesday, September 14, the European Commission presented a plan to reduce energy consumption in the EU, which will make it possible to go through the coming winter period with continued pressure from Russia. At the same time, the EU is ready to pay more for fuel than before Russian troops entered Ukraine.