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Gas prices in Europe rise by 5% in February

The average gas price in Europe rose o $542 per 1,000 cubic meters

MOSCOW, March 1. /TASS/. The average gas price in Europe rose by 5% in February to $542 per 1,000 cubic meters, according to data from the London-based ICE Exchange and TASS estimates.

Gas prices at European hubs started to grow last fall. In September 2024, the average gas price in Europe stood at about $416 per 1,000 cubic meters, rising to $456 in October, $491 in November, $489 in December, $517 in January 2025 and $542 in February.

The main reasons behind the price increase included the high rate of gas withdrawal from storage facilities and the low share of wind generation.

However, there was a reversal in the gas price trend at the end of February due to warmer weather in the region and the launch of talks between Russia and the US.

Energy crisis in Europe

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Transport and industrial facilities were also damaged

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Russian troops liberate Peschanoye, gain foothold at Gaichur River — security sources

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