European natural gas prices experienced a surge on Tuesday, driven by a joint combination of factors stemming from escalating tensions in the Middle East. Following the start of US and Israeli attacks in the region, the Strait of Hormuz was formally closed and China issued urgent safety recommendations for vessels, while Qatari LNG exports remained completely halted. The market reacted to these risks, which threaten a critical artery for global energy trade.
For April contracts, Dutch TTF natural gas futures surged 29.9% to €57.840 per megawatt hour, at 8:54 am CET. For the same month’s deliveries, the UK natural gas futures skyrocketed by 33.92% to 147.430 pence per therm at 8:54 am CET. am CET.
NN: European gas reserves are below 25% of capacity depleted because of winter gas heating season. These are critical low. The scramble for supplies is on. Europe has vast untapped gas supplies. Thank you greeniewinnies fagots woke asshioles commie Iran and Hamas supporters.
They are having bad times since their evil agenda is literally blowing up in their faces…
More to come…