Investing.com — European prices rose more than 3%, with the Dutch TTF contract, an industry benchmark, trading at 50.30 euros per megawatt hour.
This price increase is mainly due to a disruption at the Freeport LNG facility in the United States and the announcement that Germany may provide subsidies for stockpiling during the summer. This move by Germany aims to ensure that the country meets its target storage levels.
In the European Union, gas storage levels have fallen below 60%, leading to increased demand for LNG. Gas prices in Europe during the summer period are higher than those forecast for the coming winter.
-These price dynamics threaten the filling of storage sites and increase the risk of potential shortages across the continent.
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