(Montel) Attacks by the Hamas militant group on Israel will not have a near-term impact on Europe’s gas supply balance but some longer-term implications remain for LNG supply and shipping, market participants told Montel.
The benchmark front-month Dutch TTF gas contract jumped 10% to EUR 41.90/MWh in early Monday trading, partially on the coattails of sharp oil-market gains.
Front-month Brent crude oil prices were up by more than 5% early in the session to an intraday high of USD 89/bbl, amid fears of wider uncertainty in the oil-producing Middle East region.
“Fundamentally, this has no [immediate] impact on the European gas market, so…
