During the auctions held today, the price of 1,000 cubic meters of gas in Europe exceeded USD 500, APA-Economics reports.
On February 28, the price of April futures on the TTF (Title Transfer Facility, the most liquid virtual trading hub in Europe) index was USD 500.4, which is a 3% increase compared to the previous calculation price of 485.8 USD.
Note that since December 31, 2020, the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) has begun.