Bank Of Baku

Natural gas price drops by USD 540 in Europe

Natural gas price drops by USD 540 in Europe
# 14 February 2025 13:13 (UTC +04:00)

During today's auctions, the price of gas in Europe has dropped to USD 540 per 1,000 cubic meters, APA-Economics reports.

On February 14, the price for March futures on the TTF (Netherlands' "Title Transfer Facility", Europe's most liquid virtual trading hub) index was USD 540.2, which is 2.4% less compared to the previous calculation price (USD 553.3 ).

Note that starting from December 31, 2020, the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) has begun.

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