Europe natural gas price surges on U.S. LNG export worries
European natural gas prices jumped back to €50/MWh on Wednesday, the highest level since the first trading day of the year, as freezing weather in Texas threatens exports of liquefied natural gas from the U.
Europe’s Gas Price Jump on Supply Fears
European natural-gas prices rose more than 3%, a jump largely attributed to an outage at the U.S. Freeport LNG facility and news that Germany might subsidize storage refills this summer to ensure the country reaches its target.
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European natural gas jumped after Germany signaled it may subsidize the refilling of storage sites, spurring spot demand for the fuel and further driving a seasonal price spread.Most Read from Bloombe
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Europe’s Gas Price Surge on U.S. LNG Export Worries
European natural-gas prices jumped back their highest level since the first trading day of the year as freezing weather in Texas threatened U.S. LNG exports.