Natural gas prices expected to spike in April

Given the geopolitical situation and its significant impact on the natural gas market, the price of natural gas in Europe will fluctuate around €250-300 per megawatt-hour (MWh) for April, as indicated in Latvijas Gāze's statement to Nasdaq Riga March 7.

Latvijas Gāze promises to continue to inform about significant price fluctuations in the coming months.

According to the information published on the website of the gas distribution system operator Gaso, the price of the natural gas exchange in March is EUR 81.22/MWh.

On Monday, the price of gas on European exchanges increased by more than 60% and reached record levels, taking into account concerns about supplies due to the war in Ukraine.

The price of gas on the Dutch “Title Transfer Facility” (TTF) exchange during the morning trading session reached EUR 345/MWh.

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