Bank Of Baku

Natural gas prices in Europe drop by nearly 5%

Natural gas prices in Europe drop by nearly 5%
# 20 February 2025 09:51 (UTC +04:00)

On the closing of the auctions yesterday, the price of 1,000 cubic meters of gas in Europe fell below 510 USD, APA-Economics reports.

On February 19, the price of March futures on the TTF (Title Transfer Facility, the most liquid virtual trading hub in Europe) index was 506.1 USD, which is a 4.9% decrease compared to the previous calculation price of 532.2 USD.

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

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