Dutch gas prices edge lower on US moves in Hormuz strait
Dutch gas prices edged lower as the U.S. moved to reopen the Strait of Hormuz to shipping. The benchmark TTF contract fell to 47.82 euros per megawatt hour.
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Natural Gas prices in the Netherlands fell 0.323 euro to 47.82 euros per megawatt hour on Tuesday morning. The United States launched a military operation to reopen the Strait of Hormuz to global shipping. Restoring access to the strait secures 20% of global LNG supply, potentially easing European energy price volatility.
