Dutch prices rise amid LNG concerns due to Middle East tensions

Dutch wholesale gas prices rose on Tuesday afternoon amid growing concerns that an escalation of the Iran-Israel conflict is impacting the loading and shipment of liquefied natural gas (LNG), tightening the market.

The benchmark Dutch front-month contract at the TTF hub rose by €1.28 to €38.73 per megawatt hour (MWh) by 14:54 GMT, according to LSEG data.

The August contract gained €0.76 to €38.90/MWh.

The British contract for August was up by 0.12p at 93.32p per therm.