Gas Prices in Europe Double Since the Beginning of the Year

Another heatwave and record temperatures are increasing demand for electricity, and reduced production at nuclear and hydroelectric plants has had to be compensated by gas-fired power plants, precisely at a time when gas storage facilities should be filling up, writes the Brussels portal Euronews. The pressure is already being reflected in wholesale gas prices. The European benchmark gas price, on the Dutch TTF market, has risen by about 120 percent since the