At the auctions held today, the price of 1,000 cubic meters of gas in Europe dropped below USD 350, APA-Economics reports.
Prices for January futures amounted to 381,4 dollars on January 2 in comparison to the previous counting price (399,5 dollars) in TTF (The Netherlands` “Title Transfer Facility” – Europe`s most liquid virtual sales center) index, making it an 7,3% decrease.
Note that from December 31, 2021, Azerbaijan’s gas transport to Europe through Trans-Adriatic pipeline (TAP) started.
Source: Azeri-Press News Agency