European gas exchange prices stable

Exchange prices for gas in Europe have changed little, Report informs referring to the London ICE exchange.

September (nearest) futures on the TTF index (the largest hub in Europe, located in the Netherlands) opened trading at $376.2 (+ 0.3%) per 1,000 cubic meters.

Then their cost was $375.5 (+ 0.1%).

The dynamics of quotes are given from the settlement price of the previous trading day - $375.1 per 1,000 cubic meters.

The average cost of gas futures on the European exchange last year was $386.5, which is 16.3% lower than a year earlier. Gas prices were significantly higher in 2021-2022.