On the commodities market in Amsterdam, the futures price rose 2.5 percent to 73.85 euros per megawatt hour.
The deadlock between Iran and the US regarding future transport through the Strait of Hormuz has prompted Qatar to extend so-called force majeure on gas deliveries to countries in Europe and Asia.
And gas prices could skyrocket to more than 100 euros per megawatt hour this winter if continued supply disruptions coincide with extreme cold in Europe and Asia, warns Marco Saalfrank, head of trading at Swiss Axpo Holding.
European gas storage is currently at 71 percent of capacity, compared with a seasonal average of 87 percent over the past five years. In Germany - the EU’s largest gas consumer - the storage level is at 57 percent.
