Natural Gas Price Today: Europe Gas Holds Near €54 as EU Rushes to Protect Winter Supply
Europe’s benchmark natural gas price held near 54 euros/MWh Monday as EU ministers planned emergency talks after Middle East turmoil drove prices up over 70% since late February. EU gas storage averaged just 28% full last week, with Germany’s inflation rate rising to 2.8% in March on higher energy costs. Global LNG supply forecasts have been cut after disruptions in Qatar and shipping delays. Exxon and QatarEnergy’s Golden Pass plant in Texas produced its first LNG on Monday.