Futures contracts, the main benchmark for the European market, rose 1.7%.
Natural gas prices in Europe rose again on Monday, Paid With fears of supply shortages and rising demand, according to To Bloomberg.
Futures contracts, which It is considered the main standard for the European market, By 1.7%, indicating a continuation of the upward price trend that began in April, when it rose by more than 20%.
The rise in gas prices is attributed to several factors, most notably:
Rising temperatures in parts of Asia have increased demand for gas to generate electricity.
Hurricane Beryl is approaching the Texas coast, where there are concerns that it could disrupt liquefied natural gas operations in the state, which is a major source of gas imports.
The turmoil in the global market, which has seen sudden outages and increased demand recently.
Although Europe has good gas stocks for this time of year, these concerns are affecting market prices, worrying consumers and businesses.
These recent developments serve as a fragile reminder of Europe’s energy security challenges, and underscore the need to diversify energy sources and invest in renewable energy projects.
