Europe’s Gas Prices Rise As Wind Speeds Fall ...Middle East

Benchmark European natural gas prices rose on Monday morning as forecasts of low wind speeds and still and cooler weather in the coming days spurred increased demand for gas for power generation across Europe. The day-ahead gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped early on Monday by $5.26 (4.90 euro) to $103.54 (96.45 euros) per megawatt-hour (MWh), while the front-month futures contract for May increased by $0.43 (0.40 euro) to $104.60 (97.35 euro) per MWh. “We expect a slightly tighter gas system on the…

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