Gas prices have neared USD 405 for 1000 cubic meters in auctions held yesterday in Europe,Ednews reports.
Prices for September futures amounted to 404,7 dollars on August 15 in comparison to the previous counting price (391,7 dollars) in TTF (The Netherlands` "Title Transfer Facility" – Europe`s most liquid virtual sales center) index, making it a 3,3% increase.
It must be noted that Europe’s gas prices have increased to the maximum record price of 3900 dollars a couple of times during the day on March 7 last year.
Note that from December 31, 2021, Azerbaijan's gas transport to Europe through Trans-Adriatic pipeline (TAP) started.