Rabat:Natural gas prices in Europe experienced a significant rise in September, increasing by 20.4% to an average of USD 25.42 per million British thermal units (MMBtu) compared to USD 21.11 in August.

According to Azeri-Press news agency, the World Bank's monthly commodity price report highlighted this increase and detailed that the average price of natural gas in Europe for the third quarter was USD 21.53. This figure shows a substantial 90.7% increase from the same period last year, which stood at USD 11.29.

The report also mentioned the historical context, noting that in 2025, the average gas price in Europe was USD 11.96, marking a 9.1% rise from 2023's figure of USD 10.96. It is also important to note the commencement of Azerbaijani gas transportation to Europe via the Trans-Adriatic Pipeline (TAP) on December 31, 2020.

In contrast, the United States saw its average natural gas price in September rise to USD 2.95 per MMBtu, a 6.5% increase from August's USD 2.87. The report indicated that in the third quarter, the average price was USD 2.87, which is 5.3% lower than last year's USD 3.03 for the same period. Last year, the average U.S. gas price was USD 3.53, showing a 61.2% increase from the previous year's USD 2.19.