Quarterly report on European gas markets

In spite of lockdown measures, energy markets were generally stable in the 4th quarter, following an upward price trajectory over the quarter. Spot prices on European gas hubs in the quarter were 6-21% higher in year-on-year comparison. By the end of December 2020 the Title Transfer Facility (TTF) spot price rose to 19 €/MWh – the highest since the beginning of 2019.
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