Europe gas prices rise 60% in two weeks as Russia reduces supply


The price of natural gas per megawatt-hour in Europe increased 60% over the last two weeks, with global gas supply decreasing due to technical issues. 

The price of natural gas per megawatt-hour for July contracts in Europe, trading on the Netherlands-based virtual natural gas trading point (TTF), rose to €127.17 ($133.49) at closing on Wednesday, a 60% jump from €79.40 ($83.35) on June 8.

The megawatt-hour price of natural gas, traded at €79.40 on…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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