Amsterdam: During today’s auctions, the price of 1,000 cubic meters of gas in Europe settled at around $405.

According to Azeri-Press News Agency, on August 4, the price of September futures based on the TTF (Title Transfer Facility – the Netherlands’ and Europe’s most liquid virtual gas trading hub) index stood at $405, which is 0.2% lower compared to the previous settlement price of $405.7.

The transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began on December 31, 2020.