Gas Prices In Europe Hit Record High Amid Supply Concerns

The European benchmark natural gas price surged on Thursday morning to hit a new record-high for a second consecutive day, trading at the equivalent of $360 per barrel oil, as concerns over the disruption of Russian gas supply mount. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped early on Thursday in Amsterdam to trade at $221 (199.99 euro) per MWh, which was a new all-time high. This beat Wednesday’s record of $215 (194 euro) per megawatt-hour. The new record from Thursday morning means that natural gas was…