Bank Of Baku

Natural gas prices in Europe exceeded USD 500 again

Natural gas prices in Europe exceeded USD 500 again
# 28 February 2025 14:06 (UTC +04:00)

During the auctions held today, the price of 1,000 cubic meters of gas in Europe exceeded USD 500, APA-Economics reports.

On February 28, the price of April futures on the TTF (Title Transfer Facility, the most liquid virtual trading hub in Europe) index was USD 500.4, which is a 3% increase compared to the previous calculation price of 485.8 USD.

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

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