European Energy Prices Surge as Russia Supply Risk Buoys Gas
- Gas futures rallied since last week on concerns about flows
- Ukraine’s Kursk incursion, Mideast tensions stoke price rise
An LNG floating storage regasification unit [in Wilhelmshaven, Germany.
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
European energy prices surged as concerns about Russian pipeline supplies across Ukraine stoked volatility across gas and power markets.
Benchmark futures are trading near the highest this year since fears of supply shortages gripped the market following Ukraine’s incursion into Russia’s Kursk region. Electricity prices in Germany and France have followed gas.