JUST IN - Natural gas prices in Europe rise to a new record high. pic.twitter.com/DROUHrkuL4
— Disclose.tv (@disclosetv) August 16, 2022
OilPrice.com: Heatwave Sends European Gas Prices Higher
* Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 per MWh on Monday.
* Power demand is growing amid heatwave in most of Europe.
* The low water levels on the Rhine have already affected coal supply and contributed to record-high year-ahead power prices in Germany.
European benchmark gas prices rose by 2% early on Monday as demand is high in a heatwave and supplies of other fuels for power generation is constrained by low water levels on Europe’s main petroleum transport corridor.
Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 (211.35 euro) per megawatt-hour in the morning in Amsterdam, per Bloomberg’s estimates.
Read more ....
Update: Gazprom does not rule out gas prices in Europe over $4,000 in winter (TASS)
WNU Editor: Everyone in Europe is expecting sky-high prices and rationing (see below) ....
European power prices hit a record for a 5th day straight as a perfect storm rocks the continent's energy system (Market Insider)
Key European Power Price Doubles in Two Months as Crisis Deepens -- Bloomberg
Just How Bad Will the Energy Crisis Be in Europe This Winter? (Bloomberg)
Just how bad could things get this winter? European energy crisis is about to go global (RT)
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