Spot gas price in Europe exceeds $480

The price of gas on the European spot market (sale for immediate delivery) set a new record, exceeding $480 per thousand cubic meters, Report informs via foreign media.

In particular, the day-ahead price of gas at the Dutch Title Transfer Facility (TTF), the most liquid hub in Europe, rose by five percent to $484.

The price rise began in Europe from the beginning of the week. Thus, supplies cost $433 per thousand cubic meters. At the end of last month, the price was around $360.