At the close of trading yesterday, the price of gas in Europe exceeded $400 per 1,000 cubic meters, APA-Economics reports.
On February 19, the price of March futures under the TTF index (the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) reached $403.7, which is 4.8% higher compared to the previous settlement price of $385.1.
It should be noted that the transportation of Azerbaijani gas to Europe via the Trans Adriatic Pipeline (TAP) began on December 31, 2020.
