During today’s auctions, the price of 1,000 cubic meters of gas in Europe has exceeded USD 435, APA-Economics reports.
On May 21, the price of June futures for the TTF (Netherlands' Title Transfer Facility, Europe's most liquid virtual trading hub) index reached USD 437.3, which is a 1.7% increase compared to the previous calculation price of USD 430.3.
Note that since December 31, 2020, Azerbaijan started to transport its gas to Europe via the Trans Adriatic Pipeline (TAP).