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Amman, July 20 (Petra) – European gas prices rallied to over $700 per
thousand cubic meters in Monday’s trading, the highest since March
23, driven by rising US-Iran tensions and attacks on commercial
shipping in the Strait of Hormuz.
According to Bloomberg, data from London-based ICE Futures Europe
(IFEU), one of the world’s most critical commodity and derivatives
marketplaces, showed that the August gas futures contracts at the
Dutch TTF Gas, a leading European benchmark price, rose to $716 per
thousand cubic meters, about €60.515 per megawatt-hour.
Price gains since the start of trading exceeded 5 percent, it said.
//Petra//SS
