Gas prices in Europe have set a new four-year record

The cost of November gas futures on the index of the largest European hub TTF rose to nearly 1,043 dollars per 1,000 cubic meters.

This follows from ICE Futures exchange data.

At the peak (by 15:20 Baku time), the indicator reached the 1,042.9 dollar mark, which is 2.1% higher than the settlement price of the previous trading day.

In the morning, quotes were at the level of 1,027.6 dollars per 1,000 cubic meters, with an increase of 0.6%.

For comparison, the historical record was set in early spring 2022, when prices rose to 3,892 dollars.