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Euronews
Euronews
Doloresz Katanich

European gas prices keep climbing as IEA calls for emergency reserves

IEA European Union Europe Gas Prices International Energy Agency Natural Gas

Europe’s benchmark wholesale gas price, the front-month Dutch TTF contract, traded above €79 per megawatt-hour on Wednesday morning, its highest level since early 2023.

Prices have risen as fighting between the US and Iran has intensified concerns about LNG shipments through the Strait of Hormuz.

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