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War effect: Gas price in Europe exceeds $650 per 1,000 cubic meters

AdministratorMarch 4, 2026, 03:0170 views
War effect: Gas price in Europe exceeds $650 per 1,000 cubic meters

April futures (the nearest contracts) on the index of Europe's largest gas hub — TTF located in the Netherlands — started trading at 12:00 Tashkent time at $586.7 (+8.8%).

As of 12:30, the price had risen to $656.3 (+21.7%). The dynamics of quotations were calculated based on the settlement price of the previous trading day — $539.2.

It is noted that gas prices have exceeded the $650 threshold for the first time since February 6, 2023.

On Monday, Qatari state company QatarEnergy announced that it suspended production due to a drone attack on the country's largest liquefied natural gas facility.

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