Bank Of Baku

European natural gas prices increase by 6,5%

European natural gas prices increase by 6,5%
# 12 March 2025 10:41 (UTC +04:00)

Yesterday, at the closure of the auctions, the price of gas in Europe exceeded 490 USD per 1,000 cubic meters, APA-Economics reports.

On March 11, the price of April futures contracts according to the TTF (Netherlands' "Title Transfer Facility," Europe's most liquid virtual trading hub) index reached 491.9 USD, which is 6.5% higher compared to the previous calculation price of 462.1 USD.

Note that since December 31, 2020, the transportation of Azerbaijani gas to Europe through the Trans Adriatic Pipeline (TAP) has been launched.

 

 

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