2023-10-13 09:25:01
Prices on the European natural gas market continue to rise, reaching their highest levels since February on Friday.
The benchmark TTF futures contract for delivery in one month fetched as much as 56.10 euros per megawatt hour (MWh) on the Amsterdam stock exchange on Friday, the highest price in around eight months.
Since the start of the week, the price has increased by 45%, or around 18 euros per MWh.
Prices are influenced by supply risks and weather forecasts of falling temperatures.
On the supply side, the temporary closure of a large natural gas field in the Mediterranean, the closure due to damage of the Balticconnector gas pipeline between Finland and Estonia, and the permanent risk of strike in the Australian gas industry. natural gas are a source of uncertainty.
Added to this uncertainty is the conflict between Israel and the Islamist group Hamas.
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