Gas price in Europe nearing $1,600

Gas price in Europe nearing $1,600
# 01 July 2022 12:54 (UTC +04:00)

The price of 1,000 cubic meters of gas in Europe reached almost $ 1,600 in the early hours of the trading session, APA-Economics reports.

On June 23, the price of July futures at the Title Transfer Facility (TTF) in the Netherlands, which is considered the most liquid virtual sales center in Europe, was $ 1 590,6, 1,9 % more compared to the previous settlement price.

Notably, on March 7 this year, gas prices in Europe reached the maximum of $ 3,900, hitting a record several times a day.

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