HomeIndustriesEuropean Gas Prices Mixed Ahead Of Potential Action At Australian Plants

European Gas Prices Mixed Ahead Of Potential Action At Australian Plants

European gas prices were mixed on Tuesday morning as the British and Dutch markets kept a close eye on Australia, where there is still the possibility of industrial action at two Chevron Australian liquefied natural gas (LNG) facilities.

Dutch gas prices for September delivery fell 1.58 euros lower to 36.58 euros per megawatt-hour (MWh), while the day-ahead contract increased by 1.20 euros to 37.30 euros/MWh according to Refinitiv Eikon data. Day ahead British gas prices were 4 pence to 93 pence per therm, while its September contract climbed 8.15 p to 93 p/therm. British markets were closed on Monday due to a holiday.

“European markets were open for trading yesterday and have reflected on the (Australian) news, whilst UK markets were closed and are likely to adjust today to catch up,” consultancy Auxilione claimed in a research note, speaking of the rise in price of British gas, which contrasted the trend experienced by continental Europe.

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