0750 GMT - European natural-gas prices tumble as hopes for Middle East diplomacy overshadow mounting supply disruptions. In early trading, the benchmark Dutch TTF front-month contract is down 6.4% to 50.58 euros a megawatt-hour. Still, "QatarEnergy declared force majeure on some supply contracts following last week's attacks on its facilities," ANZ analysts say. "Meanwhile, Iran has stopped gas exports to Turkey following an Israeli strike on its South Pars gas field last week." The key risk for Europe is rising competition with Asia for LNG cargoes just as the region seeks to refill depleted storage ahead of winter. Even if a ceasefire is reached, repairs to QatarEnergy's damaged facilities will take years. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
March 25, 2026 03:51 ET (07:51 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments