Bank Of Baku

Europe's natural gas prices rose by 7,5%

Europe
# 26 July 2023 10:14 (UTC +04:00)

Prices have exceeded 375 US dollars for 1000 cubes meter of gas in auctions held today in Europe, APA Economics reports.

Prices for August futures amounted to 377 dollars on July 25 in comparison to the previous counting price (350,7 dollars) in TTF (The Netherlands` "Title Transfer Facility" – Europe`s most liquid virtual sales center) index, making it an 7,5% increase.

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

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