Amsterdam: During today’s auctions, the price of 1,000 cubic meters of gas in Europe is trading at around $393.

According to Azeri-Press News Agency, the price of September futures on the TTF (Title Transfer Facility of the Netherlands, the most liquid virtual sales center in Europe) index was $392.6 on August 13, representing a 0.8% increase from the previous calculation price of $389.7.

The rise in natural gas prices comes amidst ongoing developments in the European energy market. It should be noted that the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) began on December 31, 2020, playing a significant role in the region’s energy dynamics.