(ANSA) - MILAN, JUNE 05 - 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 have sunk in 2023 thanks to a mild winter, reduced consumption and storage that are rapidly reconstituting - 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. (ANSA).
Gas flare-up (+20%), Asia contends with Europe
2023-06-05T14:02:18.631Z
Highlights: 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.
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%). (ANSA)