On the closing of the auctions yesterday, the price of 1,000 cubic meters of gas in Europe fell below 510 USD, APA-Economics reports.
On February 19, the price of March futures on the TTF (Title Transfer Facility, the most liquid virtual trading hub in Europe) index was 506.1 USD, which is a 4.9% decrease compared to the previous calculation price of 532.2 USD.
It should be noted that since December 31, 2020, the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) has begun.