Bank Of Baku

Gas price in Europe reaches $555

Gas price in Europe reaches $555
# 31 January 2025 09:33 (UTC +04:00)

The price of 1,000 cubic meters of gas in Europe reached $555 at the close of auctions yesterday, APA-Economics reports.

On January 30, the price of February futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $555, which is 0.8% higher than the previous calculation price ($550.6).

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

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