At the close of auctions yesterday, the price of 1,000 cubic meters of gas in Europe approached 468 US dollars, APA-Economics reports.
On June 17, the price of April futures according to the TTF (Netherlands' "Title Transfer Facility," Europe’s most liquid virtual trading hub) index was 467.6 dollars, which is 3% higher compared to the previous settlement price (453.9 dollars).
Note that since December 31, 2020, the transportation of Azerbaijani gas to Europe via the Trans-Adriatic Pipeline (TAP) has begun.
