At the close of auctions yesterday, the price of 1,000 cubic meters of gas in Europe fell below $410, APA-Economics reports.
On July 18, the price of May futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $405.8, which is 1.6% less than the previous calculation price ($412.4).
It should be noted that the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.