Europe’s Gas Price Set for Largest Weekly Gain in Three Years

AI Briefing

• – Europe's benchmark natural gas prices are set for a 50% weekly gain, the largest one-week surge since 2023's energy crisis, due to the Middle East war cutting off 20% of global LNG supply.
• – The implied volatility in the Dutch TTF Natural Gas Futures has surged fourfold since the beginning of the year and is at the highest in nearly three years.
• – This is the biggest weekly jump in gas prices since the summer of 2023, as Europe's gas trading is heavily reliant on imports from the Middle East.