Amsterdam: During today’s auctions, the price of 1,000 cubic meters of gas in Europe exceeded 400 USD, APA-Economics reports.

According to Azeri-Press News Agency, on July 22, the price of August futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was 401.5 USD. This represents a 0.4% increase from the previous calculation price of 399.8 USD.

It is noteworthy that the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) commenced on December 31, 2020.