The price of 1,000 cubic meters of gas in Europe exceeded USD $420 at the auctions held today, APA-Economics reports.
On September 13, the October futures price on the TTF index (the Netherlands' "Title Transfer Facility" - which is considered the most liquid virtual sales center in Europe) was $422,4, which is 10% more than the previous calculation price ($383,9).
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.
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