Europe's natural gas prices exceed $400 again

Europe
# 11 September 2023 13:01 (UTC +04:00)

The price of 1,000 cubic meters of gas in Europe exceeded $400 at the auctions held today, APA-Economics reports.

On September 11, the October futures price on the TTF index (the Netherlands' "Title Transfer Facility" - which is considered the most liquid virtual sales center in Europe) was $403,8, which is 5,8% more than the previous calculation price ($381,8).

It must be noted that Europe’s gas prices have increased to the maximum record price of 3900 dollars a couple of times during the day on March 7 last year.

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

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