Lifted in toto from baha Breaking News, March 2:
The prices of natural gas in Europe extended their gains on Monday, surging by more than 40% after QatarEnergy announced it stopped LNG production at the Ras Laffan and Mesaieed industrial cities, after Qatar's Defense Ministry reported that two Iranian drones hit the energy sites earlier today. Investors also kept their eyes on the stalled traffic through the Strait of Hormuz, a critical passageway for oil and gas supplies.
For April contracts, Dutch TTF natural gas futures soared 41.7% to €45.285 per megawatt hour, at 1:10 pm CET. For the same month's deliveries, the UK natural gas futures skyrocketed by 45.6% to 113.44 pence per therm at 1:13 pm CET.
Also at baha, March 2:
