Gas prices in Europe exceed $500 first time in 10 months

15:54 - 22.01.2026


January 22, Fineko/abc.az. At the beginning of trading on January 22, exchange prices for gas in Europe increased by 5.6% and exceeded the mark of $500 per 1,000 cu m.

ABC.AZ reports that February TTF futures reached $501.5 on the back of rising quotes that had previously risen above $450 in mid-January. The average gas price last year exceeded $420 (almost 9% higher than in 2024).