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Europe gas prices fall at TTF, rise at NBP in March

Europe gas prices fall at TTF, rise at NBP in March
# 27 April 2026 17:21 (UTC +04:00)

In March this year, the average spot price of natural gas in Europe under the TTF (the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) index stood at $17.84 per 1 million BTU (British thermal unit), the Gas Exporting Countries Forum (GECF) said, APA reports.

Thus, in February, the average gas price at the TTF trading hub decreased by 58% month-on-month and by 36% year-on-year.

The report states that in March, the average spot price of gas at the NBP trading hub (the United Kingdom’s main virtual gas trading point and one of the most authoritative centers for the natural gas spot market in Europe) amounted to $17.54, which represents a 62% increase month-on-month and a 34% increase year-on-year.

It should be recalled that since December 31, 2020, the transportation of Azerbaijani gas to Europe via the Trans Adriatic Pipeline (TAP) has begun.

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