European natural gas prices exceeded $455 per 1,000 cubic meters during today’s auction, APA reports.
On June 16, the July futures price on the TTF index (the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) reached $460, up 1.8% from the previous estimate of $451.8.
Notably, Azerbaijan began supplying gas to Europe via the Trans-Adriatic Pipeline (TAP) on December 31, 2020.