Business · Energy & Commodities · 1 hr ago

European gas futures rise above €82 per megawatt-hour

European gas futures rise above €82 per megawatt-hour

Gas prices in Europe rose above €82 per megawatt-hour at the start of the week.

November futures traded at €82.6 on the TTF market in Amsterdam, up 1.44%.

This was the first time prices had passed €82 since September 14.

The increase comes during the final month for filling gas storage ahead of winter.

One factor cited is unscheduled maintenance at Norway’s Kårstø gas plant.

The work has cut extraction by 5 million cubic metres a day.

The price rise matters because gas is a key fuel for heating and industry, though no further price outlook or next steps are given.

Sources

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