Investing.com — European pure fuel costs are buying and selling slightly below 44 euros per megawatt hour, after a major enhance within the earlier session because of the unsure way forward for Ukraine’s fuel transit route.
The Dutch benchmark TTF contract rose 1.5%, buying and selling at 43.73 euros per megawatt hour, and was up greater than 6% for the week.
The contract for the supply of Russian gas via Ukraine will expire in lower than two weeks. This despatched European leaders scrambling to discover a potential different to keep up the integrity of provides.
On the similar time, fuel demand in Europe has grown considerably, resulting in a speedy decline in fuel shares and, consequently, a rise in costs. Norway’s pipeline fuel exports present a downward pattern in comparison with the earlier 12 months.
Nevertheless, there was a slight enhance in LNG imports, even when they’re nonetheless not akin to the figures for the final two years.
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