Europe's natural gas prices drops below USD 350

Europe
# 03 January 2024 11:05 (UTC +04:00)

At the auctions held today, the price of 1,000 cubic meters of gas in Europe dropped below USD 350, APA-Economics reports.

Prices for January futures amounted to 381,4 dollars on January 2 in comparison to the previous counting price (399,5 dollars) in TTF (The Netherlands` "Title Transfer Facility" – Europe`s most liquid virtual sales center) index, making it an 7,3% decrease.

Note that from December 31, 2021, Azerbaijan's gas transport to Europe through Trans-Adriatic pipeline (TAP) started.

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