During today's trading, the price of 1,000 cubic meters of gas in Europe approached $720, APA-Economics reports.
On August 12, the price of September futures on the TTF (the Netherlands' Title Transfer Facility, Europe's most liquid virtual trading hub) index stood at $719.7, which is 2.7% higher compared to the previous settlement price ($700.9).
It should be noted that the transportation of Azerbaijani gas to Europe via the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.