8/18, 11:48 AM (Source: TeleTrader)
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Chart for: F NG 10/22

European gas prices rise amid supply concerns

European natural gas futures rose over 3% on Thursday amid increasing concerns over supply tightening.

Supply has been overshadowed in recent weeks after Gazprom warned that gas prices would likely rise ahead of the heating season, despite attempts by European countries to cope with the shock that this would represent.

UK natural gas futures for delivery in September rose 3.32% to 454.100 pence per therm at 11:36 am CET.

Baha Breaking News (BBN) / JG