Volatility hits EU energy market    ...News

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Volatility hits EU energy market   
source : Russia Today ( News ) () 45
Benchmark gas prices have slipped 14% but long-term supply risks remain, analysts have warned Gas prices in the EU plunged on Monday following a spike last week, amid overall market volatility linked to supply risks and hot weather. July futures at the Title Transfer Facility (TTF) hub in the Netherlands fell by 13.8% during morning trading. The benchmark Dutch front-month contract dropped to €30.18 per megawatt hour (MWh), or $346.39 per 1,000 cubic meters. However, prices are still 15% higher this month, prompted by maintenance at Norwegian gas facilities.     Last week’s rise in gas prices was fueled by fears t

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