Brussels: During today’s trading, the price of 1,000 cubic meters of natural gas in Europe has approached 545 US dollars, APA-Economics reports. On April 28, the price of May futures on the TTF index (the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) reached $544.8, which is 0.6% higher than the previous settlement price of $541.4.
According to Azeri-Press News Agency, since December 31, 2020, Azerbaijani gas has been transported to Europe via the Trans Adriatic Pipeline (TAP). This development is a significant part of the changing dynamics in the European energy market, where the demand for natural gas continues to shape pricing trends.