Dutch and British wholesale gas prices rose Wednesday morning as demand increased and uncertainty persisted over the Iran war and restoring liquefied natural gas supply. The Dutch front-month contract gained €1.50 to €93.10 per megawatt hour, while the British contract rose 5.06 pence to 231.23 pence per therm.
The Dutch front-month gas contract at the TTF hub rose €1.50 to €93.10 per megawatt hour by 0850 GMT. The British front-month contract gained 5.06 pence to 231.23 pence per therm.
North-west European gas demand is expected to rise toward the weekend as temperatures fall and wind output declines. Maintenance at Norway’s Oseberg and Åsgard fields and a short outage at Troll are scheduled to end tomorrow, adding 10–20 million cubic metres per day of production.
Storage withdrawals began last week, one week earlier year-on-year, with storage 75% full—11% below 2025 levels and 17% below the five-year average, Jefferies analysts said. A senior Iranian official said the United States and Iran remain far from a deal to end the war, while uncertainty over Donald Trump’s next move followed the US mid-term elections.
