Frosty Forecast Sends European Natural Gas Prices Soaring ...Middle East

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Frosty Forecast Sends European Natural Gas Prices Soaring
source : OILPRICE ( Middle East ) () 23
Europe’s natural gas prices jumped by 5% mid-day on Wednesday as the latest forecasts showed most of Europe would see below-average freezing temperatures next week in a cold snap that would last at least until the middle of January.   The February Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, had surged by 4.99% at $35.06 (32.10 euros) per megawatt-hour (MWh) as of 12:27 p.m. in Amsterdam today. The benchmark gas prices ended on Wednesday three consecutive trading days in which prices had dropped…

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