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, before falling back to 28.09 (+18.6%).
Fueling the gas flare-up - whose prices sank in 2023 thanks to a mild winter, reduced consumption and storage that are rapidly replenishing - 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.
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