Natural Gas Price Today: Europe Gas Whipsaws, Cheniere Stock Gains as Qatar Shock Lingers
European natural gas prices swung sharply on Monday, eventually settling about 5% lower. Dutch TTF, the region’s key wholesale contract, hovered near 56 euros per megawatt hour after hints of easing tensions between Washington and Tehran took some heat out of the latest spike. Even with the pullback, prices have surged approximately 84% in the last month. That’s key as Europe heads into spring, the period when governments and utilities ramp up gas purchases to stockpile for winter. On Monday, the European Commission said supplies across the bloc are safe for now but urged member states to kick off injections sooner and tap storage flexibilities to keep prices in check and prevent a late-summer scramble.