European LNG futures climbed to around 62 euros per megawatt-hour, reaching their highest level since earlier market turbulence triggered by the Iran-Israel conflict. Prices have jumped nearly 50% from June levels, when they were trading in the 40–42 euro range. The latest rise is not due to a fresh supply disruption but a growing global bidding war for liquefied natural gas (LNG). Europe is competing with major energy buyers worldwide, putting additional pressure on prices and raising concerns about the region’s economic outlook.


#europegas #lng #energycrisis #gasprices #naturalgas #energymarket #europeenergy #globalmarkets #businessnews




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