European gas prices rose modestly on April 15, with the benchmark TTF index climbing 0.5% amid ongoing market adjustments, according to data from the London ICE exchange.
Gas prices on European markets experienced a slight increase at the start of the trading week. On April 15, May futures on the TTF index — Europe’s key gas trading hub based in the Netherlands — opened at $407.9 per 1,000 cubic meters, up 0.5% from the previous session’s settlement price of $405.8.
Despite the slight rise, prices remain relatively stable compared to the volatility seen in recent years. In 2023, the average cost of gas futures on European exchanges stood at $386.5, marking a 16.3% decrease compared to the year before.
Gas prices reached unprecedented levels during the 2021–2022 energy crisis, peaking at a historic high of $3,892 per 1,000 cubic meters in early spring 2022 — the highest since gas hubs were introduced in Europe in 1996.
While prices have since fallen from their record highs, the market continues to fluctuate amid ongoing geopolitical tensions and shifts in energy demand across the continent.
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