Gas prices in Europe rise 2.6%

European gas exchange prices have risen 2.6% since the start of the new week, slightly exceeding $350 per 1,000 cubic meters, Report informs referring to the London ICE exchange.

February (nearest) futures on the TTF index (Europe's largest hub, located in the Netherlands) opened at $349.8 (up 2.4%). They subsequently reached $350.5 (up 2.6%).

The price movement is based on the previous trading day's settlement price of $341.6 per 1,000 cubic meters.