At the close of auctions yesterday, the price of 1,000 cubic meters of gas in Europe fell below $375, APA-Economics reports.
On August 15, the price of September futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $374.3, which is 3.5% less than the previous calculation price ($388).
It should be noted that the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.
