EU hit with gas price shock ...News

Russia Today - Economy
EU hit with gas price shock
source : Russia Today ( News ) () 15
The cost of September futures surged nearly 40% after reports of an upcoming strike at LNG facilities in Australia Natural gas prices in the EU hit their highest level since mid-June on Wednesday, according to data from the London Intercontinental Exchange (ICE). The cost of gas futures for September delivery at the TTF hub in the Netherlands surged to an intraday high of more than €43 ($47) per megawatt-hour in household terms, jumping nearly 40% from the previous close. Gas prices retreated later in the session but extended losses on Thursday. The contract was trading around €38 per megawatt-hour around 13:00 GM

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