Natural gas price exceeds $2 600 in Europe-UPDATED

Natural gas price exceeds $2 600 in Europe-UPDATED
# 16 August 2022 17:28 (UTC +04:00)

At the end of auctions held yesterday, the price of 1,000 cubic meters of gas in Europe has exceeded $ 2,600, APA-Economics reports.

On August 16, the price of September futures at the Title Transfer Facility (TTF) of the Netherlands, which is considered the most liquid virtual sales center in Europe, was $2,631.7, 13,3 times higher than the previous calculation price.

*** 10:21

At the end of auctions held yesterday, the price of 1,000 cubic meters of gas in Europe has exceeded $ 2,400 for the first time since March 7 this year at yesterday's trade closing, APA-Economics reports.

On August 15, the price of September futures at the Title Transfer Facility (TTF) of the Netherlands, which is considered the most liquid virtual sales center in Europe, was $2,406.6, 10,8 times higher than the previous calculation price.

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