European natural gas prices top €90 per MWh for first time since December 2022

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European natural gas prices top €90 per MWh for first time since December 2022
PrimeXBT Editorial Team
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European gas prices rose above €90 per megawatt hour on Tuesday, a level last seen in December 2022. Competition with Asia for natural gas supplies is intensifying ahead of winter.

Europe's benchmark gas contract rose above €90 per megawatt hour on Tuesday, its first move above that level since December 2022. The increase comes as global competition with Asia for supplies intensifies ahead of the winter season.

Dutch front-month contract adds €2.06

The Dutch front-month contract at the TTF hub traded at €90.10 per MWh by 1121 GMT. That marked a day-on-day increase of €2.06, according to data from the Intercontinental Exchange.

Source: Investing.com

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