Amsterdam: On the closing of the auctions yesterday, the price of 1,000 cubic meters of gas in Europe fell below 480 USD, APA-Economics reports.

According to Azeri-Press News Agency, on March 21, the price of April futures on the TTF index (the Netherlands’ “Title Transfer Facility,” the most liquid virtual trading hub in Europe) was 476 USD, which is 1% lower compared to the previous calculation price (480.9 USD).

It should be noted that since December 31, 2020, the transportation of Azerbaijani gas to Europe through the Trans-Adriatic Pipeline (TAP) has begun.