Bank Of Baku

Gas price in Europe drops below $520

Gas price in Europe drops below $520
# 28 January 2025 09:45 (UTC +04:00)

The price of 1,000 cubic meters of gas in Europe dropped below $520 at the close of auctions yesterday, APA-Economics reports.

On January 27, the price of February futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $519.9, which is 3.6% less than the previous calculation price ($539).

Noted that the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.

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