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European Gas Rises as Rhine Crisis, Winter Outlook Pose Risks

  • Rhine River level set to fall to critical depth this week
  • UK, Germany warn of possible measures in colder months
Chimney stacks at the Mitte Combined Heat and Power natural gas power plant behind apartment buildings in Berlin, Germany, on Aug. 9. 2022. 

Chimney stacks at the Mitte Combined Heat and Power natural gas power plant behind apartment buildings in Berlin, Germany, on Aug. 9. 2022. 

Photographer: Krisztian Bocsi/Bloomberg
Updated on

European natural gas prices surged as a climate crisis threatens to curtail energy shipments along the Rhine River and signs continue to emerge of a potentially difficult winter ahead.

Benchmark futures jumped as much as 7.85%, ending a three-session slide.