The price of natural gas in Europe has surged to nearly $720 per 1,000 cubic meters. According to APA-Economics, this represents a 2.7% increase from the previous settlement price of $700.9. The TTF (Title Transfer Facility) index for September futures stood at $719.7 on August 12.
The Trans-Adriatic Pipeline (TAP), which transports Azerbaijani gas to Europe, began operations on December 31, 2020.
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