Natural gas: European prices surge as LNG flows stall – ING
ING strategists Warren Patterson and Ewa Manthey report that European Natural gas benchmark TTF jumped over 9%, moving back above EUR60/MWh as hopes for a US–Iran deal fade.
European natural gas prices have surged by over 9%, breaching the EUR60/MWh mark for the benchmark TTF, according to ING strategists Warren Patterson and Ewa Manthey. This increase comes as hopes for a US-Iran deal fade, raising concerns about the potential for price spikes during the upcoming winter season. The drop in European gas storage levels, now below 2021 benchmarks, further exacerbates the vulnerability of the market.
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