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Gas prices jump EUR 10 on fears of prolonged shortage


10 Aug 2022 11:40

10 Aug 2022 11:40

(Montel) Front-month gas on the Dutch TTF hub jumped EUR 10 – though prices were still in their recent range – on Wednesday with growing concerns that a current supply shortage would be prolonged.

The TTF front month was last seen up EUR 9.87 at EUR 202.05/MWh, still below the recent peak of EUR 228/MWh reached two weeks ago, while the equivalent on the UK’s NBP was 32.56p higher at 389.80p/th.

Expectations of a prolonged gas shortage meant far curve contracts were catching up to those near the front, said one trader, with concerns Russia could completely cut off supplies to…

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