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Europe natural gas futures surge above €80/MWh for first time since 2023

European natural gas futures rose as much as 6.8% to €80.99/MWh, the highest since January 2023, as Middle East attacks disrupt LNG shipments ahead of the winter heating season.

99/MWh, the highest since January 2023, as escalating attacks in the Middle East continued to disrupt liquefied natural gas shipments and lift costs ahead of the winter heating season. Benchmark Dutch TTF front-month futures were the focus of the move.