Baku 11° C
Gas prices in Europe exceed $700 for first time since late March
Energy
- 20 July, 2026
- 10:29
Add Report.az to preferred Google sources
Stay up to date with the top news!
European gas prices exceeded $700 per 1,000 cubic meters during morning trading for the first time since March 23, according to data from the London-based ICE exchange, Report informs.
The price dynamic comes against the backdrop of a new wave of escalation between the United States and Iran in the Middle East, market data noted.
The cost of August futures at the TTF hub in the Netherlands rose to approximately $716 per 1,000 cubic meters, or €60.515 per megawatt-hour, based on current euro-to-dollar exchange rates (ICE prices are presented in euros per MWh).
The price increase exceeded 5% since the start of the trading day.
Author
Latest News
21:35
Photo
Ankara landmarks display Victory Day greetings to Azerbaijan
Region
21:04
Photo
President of Türkiye Recep Tayyip Erdoğan concluded official visit to Azerbaijan
Foreign policy
20:55
Photo
Official banquet hosted in honor of President of Türkiye on behalf of President Ilham Aliyev
Foreign policy
20:48
Erdoğan shares video of Azerbaijan visit and meeting with Aliyev
Foreign policy
20:42
Presidents of Azerbaijan and Türkiye and First Ladies met with decorated servicemen
Domestic policy
20:30
Photo
Presidents of Azerbaijan and Türkiye visited Khojaly Genocide Memorial - Updated
Karabakh
20:17
Azerbaijani karate team wins seven medals at Batumi Open
Individual sports
20:08
Photo
Victory Day tree-planting campaigns held in Aghdam and Khojavand
Ecology
19:33
Ilham Aliyev's social media accounts feature video of Shusha meeting with Erdoğan
Foreign policy