Natural gas market soars to record heights

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LONDON: European and UK gas prices surged on Wednesday (Oct 6) to record peaks, energised by fears of runaway demand in the upcoming northern hemisphere winter. Europe\u0027s reference Dutch TTF gas price hit €162.12 per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals. H

LONDON: European and UK gas prices surged on Wednesday to record peaks, energised by fears of runaway demand in the upcoming northern hemisphere winter.

Soaring gas prices - coupled with oil which has struck multi-year highs - have fuelled fears over spiking inflation and rocketing domestic energy bills.

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