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TTF Leads Surge in Global Gas

NATURAL GAS

Global gas prices surge led by European TTF due to Russian gas supply disruptions.

  • Natural gas prices in Europe are about seven times higher than they were a year ago as soaring energy costs are impacting economic output.
  • Energy Aspects said gas prices could rise to 400€/MWh if flows via Nord Stream stop in September.
  • Poland’s largest chemicals company, Azoty, is temporarily suspending making some key fertiliser products because of record natural gas prices.
  • The graph below shows the increase in global gas prices relative to TTF (in €/MWh):

Source: Bloomberg

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