European benchmark gas prices rose by 2% early on Monday as demand is high in a heatwave and supplies of other fuels for power generation is constrained by low water levels on Europe’s main petroleum transport corridor. Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 (211.35 euro) per megawatt-hour in the morning in Amsterdam, per Bloomberg’s estimates. As most of Europe is baking in a heatwave, demand for power generation is growing, and so are natural gas prices. The move higher was also driven…
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