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Gas prices at Europe's largest online sales center have risen

17.05.2021,15:47


May 17, Fineko/abc.az. At TTF, Europe's largest online gas sales center, prices reached $342/1,000 cu m, the highest since 26 September 2018.

The main driver of the increase is the constant increase in carbon emissions charges, ABC.AZ reports.

This was also helped by the rise in the price of LNG in Asian markets and reduction in gas supplies through pipelines.

Since the beginning of the year the average price of “next day” futures in TTF has been $246 per 1,000 cu m.