Natural Gas Price Today: Europe Gas Holds Firm as Brussels Weighs Cap After Qatar Shock
European natural gas prices held close to 48 euros per megawatt hour on Wednesday, with Brussels weighing options like subsidies or a price cap in response to the new energy shock. The Dutch Title Transfer Facility—better known as TTF—remains the region’s top gas benchmark. Supply jitters are intensifying. Shell, the top player in global LNG trading, has invoked force majeure on Qatari cargoes it purchases and resells. That lets it off the hook for contractual obligations if outside forces disrupt deliveries. According to Reuters, the hitch isn’t likely to impact March shipments, but from April, customers should start feeling the effect.