Smoke billows from the Freeport LNG plant in Quintana, Texas, U.S., June 8, 2022, in this still image obtained from a social media video on June 9, 2022. Courtesy of Maribel Hill/via - Reuters
LONDON: Europe’s natural gas prices surged after a fire at a large export terminal in the United States promised to wipe out deliveries to a market that’s on high alert over tight Russian supplies.
Benchmark futures traded in Amsterdam snapped a six-day falling streak, while United Kingdom prices jumped as much as 39%.
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