After a period of falling prices, driven by optimism about a diplomatic solution to the war in the Middle East, gas prices have started climbing again. Talks on ending the conflict in the Middle East have made little progress.
European gas reserves are lower than usual, and LNG (liquefied natural gas) supplies are also lagging behind last year’s levels. On the Netherlands’ benchmark gas market, the price of natural gas is up 2.7 per cent to more than 87 euros per megawatt hour.
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