Gas prices in Europe exceed $1,200

Gas prices in Europe, after falling since last week, rose on March 17 auctions, slightly exceeding $1,200 per 1,000 cubic meters, Report informs referring to the London Stock Exchange ICE.

April futures on the index of the largest European hub TTF opened the trading session at almost $1,230. Then the prices accelerated the pace of growth. So far, the highest price is $1,267.8, which is 8% above March 16 settlement price of $1,167.2.