European gas prices surge past $850 per 1,000 cubic meters Highest level since winter 2022/2023

April futures at the TTF hub in the Netherlands reached around $854 per 1,000 cubic meters, or €72 per MWh, marking the highest level since the winter of 2022/2023.

Prices jumped more than 30% early in the day, climbing nearly $200 above the previous session’s close, driven by attacks on energy infrastructure in the Middle East, Caliber.Az reports via Russian media.

On the morning of March 19, state-owned Qatar Energy reported a new missile strike on its liquefied natural gas facilities.

The day before, Iran targeted the Ras Laffan industrial complex, home to the world’s largest LNG production facility.

By Jeyhun Aghazada