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Natural gas price nears $400 in Europe

Today, during trading sessions, the price of 1,000 cubic meters of gas in Europe is being traded at a level close to 400 US dollars, APA-Economics reports.

On August 14, the price of September futures according to the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual trading hub in Europe) index amounted to 397.4 dollars, which is 0.7% higher compared to the previous settlement price (394.7 dollars).

Note that since December 31, 2020, the transportation of Azerbaijani gas to Europe via the Trans-Adriatic Pipeline (TAP) has commenced.

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