European gas benchmark clears €80/MWh for first time since Jan 2023
European wholesale gas rose above €80/MWh for the first time since the start of 2023. TTF front-month (TFMBMc1) was up €3.34 at €79.28 per MWh Wednesday afternoon.
The benchmark European wholesale gas price moved above €80 on Wednesday afternoon, the first time it has done so since the start of 2023, as the Middle East conflict intensified and ship attacks in the Strait of Hormuz escalated. 28 per MWh.