Frosty Forecast Sends European Natural Gas Prices Soaring

Europe’s natural gas prices jumped by 5% mid-day on Wednesday as the latest forecasts showed most of Europe would see below-average freezing temperatures next week in a cold snap that would last at least until the middle of January. The February Dutch TTF Natural Gas Futures , the benchmark for Europe’s gas trading, had surged by 4.99% at $35.06 (32.10 euros) per megawatt-hour (MWh) as of 12:27 p.m. in Amsterdam today. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} The benchmark gas prices ended on Wednesday…