European Gas Prices Surge Above €70/MWh on Geopolitical Tensions
European natural gas prices have consolidated above €70/MWh for the first time since 2022, according to Quantum Commodity Intelligence. This rise is attributed to escalating geopolitical tensions and concerns over low stockpiles.
The price mark of €70/MWh was briefly touched on Friday after delays in Qatari gas supplies added to existing worries.