9/7, 2:25 PM (Source: TeleTrader)
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F GAS+0.85%

Chart for: F GAS 12/23

European gas up over 5% as supply concerns grow

Natural gas in Europe for front-month deliveries rallied on Thursday as possible disruptions in the commodity supply in Australia owing to potential industrial action by Chevron LNG workers pushed the prices to rise before the end of the week.

Following a 24-hour delay, the strike is expected to begin on September 8 despite ongoing negotiations with management.

For deliveries in October, UK natural gas futures climbed 5.92% to go for 79.91 pence per therm at 2:12 pm CET. For the same month contracts, Dutch TTF natural gas added 4.42% to €32.45 per megawatt hour.

Baha Breaking News (BBN) / AB