Amsterdam: European natural gas prices exceeded $455 per 1,000 cubic meters during today’s auction, APA reports.

According to Azeri-Press News Agency, on June 16, the July futures price on the TTF index (the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading hub) reached $460, marking a 1.8% increase from the previous estimate of $451.8.

Azerbaijan began supplying gas to Europe via the Trans-Adriatic Pipeline (TAP) on December 31, 2020.