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Daily Prices

8/30/24

Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount

By Christopher Lenton

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Published in: Daily Gas Price Index Filed under:

European natural gas prices have strengthened over the summer amid heightened geopolitical tensions, and the trend could continue through the coming months.

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According to analysts at BofA Global Research, a warm winter “left the global gas market swimming in inventory for the second consecutive year in 2024.” But since February, Title Transfer Facility (TTF) prices have doubled, they said.

September TTF closed at $12.54/MMBtu on Wednesday, down about 2% from Tuesday. It was falling again on Thursday.

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Christopher Lenton

Christopher joined NGI as a Senior Editor for Mexico and Latin America in November 2018. Prior to that, he was a Senior Editorial Manager at BNamericas in Santiago, Chile. Based out of Santiago, he has covered Latin American energy markets since 2009 as a reporter, editor and analyst. He has an MA in International Economic Policy from Columbia University and a BA in International Studies from Trinity College.