Bank Of Baku

Natural gas spot prices in Europe rose by more than 130% last month

Natural gas spot prices in Europe rose by more than 130% last month
# 21 October 2026 15:54 (UTC +04:00)

In September this year, the average spot price of natural gas in Europe under the TTF (the Netherlands' Title Transfer Facility, Europe's most liquid virtual trading hub) index stood at $25.49 per million BTU (British thermal units), stated in a report by the Gas Exporting Countries Forum (GECF), APA-Economics reports.

Thus, the average gas price at the TTF trading hub increased by 21% month-on-month and 131% year-on-year in September.

According to the report, the average spot price of gas at the NBP gas trading hub (the United Kingdom's main virtual gas trading point and one of the most influential hubs in Europe's natural gas spot market) stood at $25.15 in September, representing an increase of 22% month-on-month and 135% year-on-year.

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

 

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