Middle East Tensions Drive European Gas Higher
- Energy market awaits US response to attack on troops in Jordan
- Attacks by Houthi rebels have diverted course of LNG carriers
There are preliminary signs that LNG imports in northwest Europe may ease in February.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
European natural gas futures fluctuated after surpassing €30 a megawatt-hour for the first time in two weeks as tensions escalated in the Middle East.
The contract for March delivery erased most of its daily gains after adding as much as 6.2% earlier on Wednesday. The energy market is waiting for a US response to the drone assault that killed American troops in Jordan over the weekend.