European gas prices soar to four-year high over winter supply fears
- European gas prices have jumped to levels not seen since 2022 as fears continue to grow around the continent’s supply this winter and the conflict in the Middle East.
- Wholesale gas prices hit €97 (£81) a megawatt-hour on Monday, as temperatures across Europe fell and traders priced in stronger demand for heating.
- The UK’s month ahead contract also rose by 4% to 240p a therm, its highest level since December 2022 when prices were rocketing after Russia’s full-scale invasion of Ukraine.
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- European gas prices have jumped to levels not seen since 2022 as fears continue to grow around the continent’s supply this winter and the conflict in the Middle East.
- Wholesale gas prices hit €97 (£81) a megawatt-hour on Monday, as temperatures across Europe fell and traders priced in stronger demand for heating.
- The UK’s month ahead contract also rose by 4% to 240p a therm, its highest level since December 2022 when prices were rocketing after Russia’s full-scale invasion of Ukraine.
Sources: Guardian