Baku: Natural gas prices in Europe have seen a decline, with the price of 1,000 cubic meters of gas settling below USD 397 during today’s auctions.
According to Azeri-Press News Agency, the price of September futures, based on the TTF (Title Transfer Facility, the Netherlands’ most liquid virtual trading hub in Europe) index, was USD 396.7. This marks a slight decrease of 0.1% compared to the previous settlement price of USD 397.2.
It is noteworthy that Azerbaijani gas began flowing to Europe through the Trans-Adriatic Pipeline (TAP) on December 31, 2020. This pipeline has been a significant channel for delivering Azerbaijani gas to European markets.