28 Aug, 23

Natural Gas Prices Rise As Supply Risks Persist

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European and U.S. benchmark natural gas prices rose early on Monday amid concerns about supply due to still unresolved labor issues at Australian LNG export facilities and planned maintenance reducing Norwegian pipeline gas deliveries to Europe. Prices at the Henry Hub in the United States were up 2.6% early on Monday. In Europe, the front-month futures at the Dutch TTF hub, the benchmark for Europe’s gas trading, had increased by 1.9% to $35.08 (32.65 euros) per megawatt (MWh) as of 10.35 a.m. GMT on Monday. Earlier in the trade, European…

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