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Commodities

European Gas Prices Surge on LNG Disruptions and Geopolitical Risks

Guavy AI Editorial Team
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Natural Gas
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European natural gas prices are rising due to concerns over liquefied natural gas (LNG) supplies from the Persian Gulf and security risks in the Strait of Hormuz. The front-month October contract at the Dutch TTF hub, Europe's benchmark for natural gas pricing, settled at €71.95 per megawatt-hour last Friday.

As of 3:43 p.m. (12:43 GMT) on Friday, it was trading at €81.48 per MWh, up 13.2% from last week's close.

The ongoing disruptions to LNG supplies from the Gulf and geopolitical risks are driving international gas prices higher.

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