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Natural gas prices in Europe fall below $378

During today’s auctions, the price of gas in Europe fell below 378 US dollars per 1,000 cubic meters, APA-Economics reports.

On February 26, the price of March futures under the TTF (the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) index stood at 377.1 dollars, which is 0.4% lower compared to the previous settlement price of 378.5 dollars.

The transportation of Azerbaijani gas to Europe via the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.

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