Brussels: At the close of auctions yesterday, the price of 1,000 cubic meters of gas in Europe fell below $410, APA-Economics reports. On July 18, the price of May futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $405.8, which is 1.6% less than the previous calculation price of $412.4.

According to Azeri-Press News Agency, it should be noted that the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began on December 31, 2020. This development marks a significant milestone in the ongoing energy exchange between Azerbaijan and European markets, aiming to diversify energy sources and increase supply security within the region.