The price of gas on the Amsterdam market is soaring. TTF futures, the reference point for methane in Europe, rose by 20.3% to 28.5 euros per megawatt hour.
Fueling the gas flare-up are the risks of competition with Asia for US cargo of liquefied gas which, according to Bloomberg, is currently more profitable to sell in the East. A risk that is grafted into a still fragile context, where the availability of gas in Europe is affected by the cut in Russian supplies.