Europe's natural gas prices rose by 5,5%

Europe
# 08 August 2023 11:46 (UTC +04:00)

Gas prices have exceeded 345 US dollars for 1000 cubic meters in auctions held today in Europe, APA Economics reports.

Prices for September futures amounted to 346,3 dollars on August 7 in comparison to the previous counting price (328,2 dollars) in TTF (The Netherlands` "Title Transfer Facility" – Europe`s most liquid virtual sales center) index, making it a 5,5% increase.

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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