Natural Gas Prices This Week: Europe Near 3-Year Highs as Henry Hub Slips, LNG Stocks Jump
European natural gas prices hovered around levels not seen in three years this week. Iranian missile attacks hit Qatar’s Ras Laffan plant, cutting roughly 17% of the country’s LNG export capacity—a disruption that could linger for as long as five years. The Dutch TTF front-month contract, Europe’s key gas benchmark, finished Friday at about 59 euros per megawatt hour. U.S. Henry Hub gas closed at nearly $3.10 per mmBtu, slipping around 1% for the week following a late-session drop.