At TTF, the Netherlands-based virtual natural gas trading point with the highest depth in Europe, prices, which opened today at 37.7 euros per megawatt-hour in July futures contracts, increased by more than 30 percent to 49.5 euros during the day.
Prices, which were traded at 45 euros per megawatt-hour as of 15.00 Turkish time, are 17.5 percent higher than yesterday's close.
News in the international media that the Netherlands will end gas production in the Groningen field as of October 1 and concerns that the heat wave affecting the continent will increase gas demand in electricity generation and affect supply security triggered the rapid increase in gas prices during the day.
With this rise, gas prices reached their highest level since April 5.
Gas prices in Europe had reached record highs due to the supply-demand imbalance following the pandemic and supply constraints following the Russian-Ukrainian War.
After remaining high for about 1.5 years, gas prices fell to 23 euros per megawatt-hour on June 1, the lowest level since September 2021, as a result of the increase in the occupancy rates in warehouses due to the decrease in gas demand in Europe.
Prices exceeded 300 euros per megawatt-hour in August 2022, the highest in history.
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