During today’s auctions, the price of 1,000 cubic meters of gas in Europe has fallen again below USD 410, APA-Economics reports.
On August 6, the price of September futures according to the TTF (the Netherlands' Title Transfer Facility, Europe’s most liquid virtual trading hub) index was USD 409, which is 0.5% lower compared to the previous settlement price of USD 410.9.
Note that since December 31, 2020, the transportation of Azerbaijani gas to Europe via the Trans-Adriatic Pipeline (TAP) has started.