The price of 1,000 cubic meters of gas in Europe dropped below $520 at the close of auctions yesterday, APA-Economics reports.
On January 27, the price of February futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $519.9, which is 3.6% less than the previous calculation price ($539).
Noted that the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.