European natural gas prices are experiencing a massive surge, largely attributed to the war that erupted on February 28 in the Middle East.
Specifically, shortly after trading opened at 09:00 Greek time, the Dutch TTF futures contract, considered the European benchmark price, recorded gains exceeding 23.63% to reach €66 per megawatt-hour, after opening with a jump of approximately 30%. However, it remains well below the levels recorded in 2022 at the start of the war in Ukraine, when it had exceeded €300.
