During today's auctions, the price of gas in Europe has dropped to USD 540 per 1,000 cubic meters, APA-Economics reports.
On February 14, the price for March futures on the TTF (Netherlands' "Title Transfer Facility", Europe's most liquid virtual trading hub) index was USD 540.2, which is 2.4% less compared to the previous calculation price (USD 553.3 ).
Note that starting from December 31, 2020, the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) has begun.