During today’s auctions, the price of 1,000 cubic meters of gas in Europe fell below 340 US dollars, APA-Economics reports.
According to the December 4 TTF (Netherlands’ “Title Transfer Facility,” Europe’s most liquid virtual trading hub) index, the price of January futures was 335.8 dollars, which is 1.2% lower compared to the previous settlement price (340 dollars).
Note that since December 31, 2020, the transportation of Azerbaijani gas to Europe via the Trans-Adriatic Pipeline (TAP) has begun.