European natural-gas prices climb on concerns over regional storage levels ahead of winter and lingering uncertainty over LNG supplies from the Persian Gulf. In early European trading, the benchmark Dutch TTF contract is up 2.4% to 44.04 euros a megawatt-hour. Although global LNG exports increased in June to their highest level since March, according to ANZ analysts, QatarEnergy recently extended force majeure on some LNG shipments, fueling market nervousness. Meanwhile, EU gas storage facilities are about 49% full ahead of the heating season, leaving the market sensitive to any further supply disruptions and supporting prices. (giulia.petroni@wsj.com)
Dow Jones Newswires
European Natural Gas Prices Rise on LNG Supply Concerns, Low Storage — Market Talk
European natural-gas prices climb on concerns over regional storage levels ahead of winter and lingering uncertainty over LNG supplies from the Persian Gulf. In early European trading, the benchmark Dutch TTF contract is up 2.4% to 44.04 euros a megawatt-hour. Although global LNG exports increased…