Gas prices on the index of the largest European hub TTF in 2023 may increase to an average of 147 euros per megawatt-hour (1550.8 euros per 1000 cubic meters) from 135 euros this year, the report says. autumn economic forecast of the European Commission.

“Future contracts suggest that, despite the recent decline, TTF gas prices will rise to an average of 147 EUR/MWh in 2023 and fall to 110 EUR/MWh (1,160.5 EUR per 1,000 cubic meters) in 2024, but still five times the price available in 2020.

Source: Turan News Agency