Amsterdam: During today’s auctions, the price of 1,000 cubic meters of gas in Europe fell below $345, APA-Economics reports.
According to Azeri-Press News Agency, on January 5, the price of January futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $341.2, representing a 3% decrease from the previous calculation price of $351.8.
The transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) commenced on December 31, 2020, marking a significant development in the European energy market.