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Gas prices spike in EU as winter bites, and what that means for Azerbaijan

Natural gas markets are once again on edge. In recent days, the Dutch Title Transfer Facility (TTF) benchmark, Europe’s main wholesale gas price, climbed sharply to about $478 per 1,000 cubic meters, its highest level in roughly six months, representing a roughly 14% daily jump on the back of sudden demand and tightening conditions in storage and supplies.

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