In Europe, gas prices exceeded $ 500

On February 28, exchange prices for gas in Europe increased 3% and up to $ 500 per thousand cubic meters. This has been proven by Ice London Exchange data, Enkorr reports.

April futures (closest to implementation) of natural gas in the largest European gas hub TTF began auction from a mark of $ 491.5 per thousand cubic meters, which is 1.2% higher than the sun earlier. Later, their cost to $ 500.4, rising by 3%.

The day before, exchange prices for gas in Europe showed a sharp jump, rising by 8%. Recently, gas prices in Europe were higher: mid -February, quotes for the first time in two years exceeded $ 630 per thousand cubic meters.

According to the Association of European Gas Infrastructure Operator (gas infrastructure Europe), the current level of gas storage filling in the European Union has reduced to 40%.

Last year, on average, the price of gas futures in the European exchange cost $ 386.5, which was 16.3% less than a year before. The highest gas price was observed in 2021-2022. This price level has not been detected in the history of the functioning of European gas hubs since 1996. The historical maximum of $ 3892 per thousand cubic meters was recorded in early spring of 2022.

Earlier it was reported that in Europe, natural gas prices were kept close to the lowest level after three weeks against the background of mood softening after a difficult start of 2025. TTF hubs in the Netherlands fell to 50.6 Euro per megavatt-hour (about 560 dollars per thousand cubic meters).

Keep in mind that in the United States, natural gas futures have reached the highest level for two years due to severe winter conditions.