Europe’s natural gas prices increase as temperatures fall – The National

Europe’s natural gas prices increase as temperatures fall – The National

European natural gas prices are rising as temperatures fall in the region, which is currently in the middle of an energy crisis.

Dutch TTF gas futures, the benchmark European contract, was trading at €149.25 ($157) a megawatt hour on Wednesday, up 10 per cent compared with a week ago.

With exports of Russian natural gas severely curtailed, the continent has been scrambling for alternative fuel sources.