The main factors behind this increase were the high rate of withdrawal from European storage facilities amid cold weather and the cessation of Russian gas transit through Ukraine.
On December 31, 2024, gas futures were trading at around $539 per 1,000 cubic meters and on January 31, 2025, trading closed at $577, which is 7% higher than at the end of last month and at a maximum since October 2023.
AzVision.az
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