Reference prices for natural gas in Europe fell by 9%, following the increase in imports of liquefied natural gas (LNG), even though the region is experiencing low temperatures, Bloomberg reports.

At the TTF hub in Amsterdam, where reference prices are set in Europe, at around 11:03 a.m., gas futures with delivery for next month fell 4% to 133.55 euros for a Megawatt- hour, after the lowest level since December 2 had been recorded earlier.

The quantities that entered the three LNG terminals in Great Britain are at a record level for this period of the year, according to the data analyzed by Bloomberg. Fuel deliveries to northwest Europe are also close to a record level, according to Agerpres.

The low temperatures represent the first real test of Europe’s resilience this season after Russia cut off most pipeline gas supplies. In recent weeks, natural gas prices in Europe have been higher, but until Monday there were no major fluctuations, even if the north of the continent is facing frost and London is covered in snow. Higher temperatures are expected in southern Europe next week.

Imports of liquefied natural gas rose as Europe began to replace the fuel it was receiving from Russia. Germany’s first floating LNG terminal is due to arrive in the port of Wilhelmshaven this week, with gas flows due to start from 22 December.

Gas storage facilities in Europe are about 88% full, higher than usual for this time of year, and in Germany, the region’s largest economy, the level is of 94%.