EU gas prices surge ...News

Russia Today - Economy
EU gas prices surge
source : Russia Today ( News ) () 17
Energy markets have been reacting to labor strikes in Australia that could disrupt global LNG supplies Natural gas futures in the European Union experienced a substantial increase – by as much as 18% – on Tuesday, according to data from the London Intercontinental Exchange (ICE).  The cost of gas futures for July delivery at the TTF hub in the Netherlands surged to an intraday high of nearly €47.6 ($52.1) per megawatt-hour in household terms, or $539.7 per thousand cubic meters.  Analysts attribute the surge to a projected rise in temperatures that will inevitably trigger an increased demand for cooling. Moreover,

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