On February 28, natural gas exchange prices in Europe increased by 3% and reached $ 500 per thousand cubic meters. This is evidenced by the data of the ICE London Exchange, reports Enkorr .
Bidding Futures, which are closest to the execution, began with a $ 491.5 per thousand cubic meters, which is 1.2% more than a day earlier. Subsequently, their value rose to $ 500.4, fixing an increase of 3%.
On the eve of gas prices showed a sharp jump, increasing by 8%. At the same time, only in mid -February quotation for the first time in two years exceeded the $ 630 per thousand cubic meters.
According to the GAS GAS Infrastructure European Gas Infrastructure Infrastructure , the level of filling of underground gas storage facilities in EU countries has decreased by less than 40%. This can create additional market pressure and cause further rise in prices.
The average cost of gas futures on the European Exchange in 2024 was $ 386.5 per thousand cubic meters, which is 16.3% less than in 2023. The highest prices were observed in 2021-2022, when they reached a historic maximum - $ 3892 per thousand cubic meters in early spring 2022.
Earlier it was reported that after the difficult early 2025, the situation in the gas market stabilized somewhat, and quotes on the Dutch Hab TTF decreased to 50.6 euros per megawatt-hour (about $ 560 per thousand cubic meters). However, the recent trends indicate a possible further increase in the cost of blue fuel.
