During today's auctions, the price of 1,000 cubic meters of gas in Europe fell to USD 415, APA-Economics reports.
On January 19, the price of February futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $415.3, which is 6.2% less than the previous settlement price ($442.8).
Note that the transportation of Azerbaijani gas to Europe via the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.