Historical Year Data · 2002

European Natural Gas Price in 2002

European Natural Gas Price opened 2002 at 2.79 and closed at 2.81, a +0.85% move for the year. The high of 2.81 was reached on December 1, and the low of 2.52 on July 1.

Open

2.79

2002-01

2.81

12 data points

High

2.81

Dec 1

Low

2.52

Jul 1

Full Year Change

+0.85%

2001 Change

-23.73%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.79	2.79	2.79	2.79	+0.00%
Feb	2.79	2.79	2.79	2.79	+0.00%
Mar	2.79	2.79	2.79	2.79	+0.00%
Apr	2.56	2.56	2.56	2.56	+0.00%
May	2.56	2.56	2.56	2.56	+0.00%
Jun	2.56	2.56	2.56	2.56	+0.00%
Jul	2.52	2.52	2.52	2.52	+0.00%
Aug	2.52	2.52	2.52	2.52	+0.00%
Sep	2.53	2.53	2.53	2.53	+0.00%
Oct	2.78	2.78	2.78	2.78	+0.00%
Nov	2.78	2.78	2.78	2.78	+0.00%
Dec	2.81	2.81	2.81	2.81	+0.00%

Events During 2002

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

1998 Euro Launch & 1999 Introduction

Goldilocks

May 1998 – January 2002

Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.

2000 Dotcom Crash

Deflation

March 2000 – October 2002

The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.

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