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Gas in Europe is Rising in Price with the Onset of Cold Weather

European gas rose about 6% in afternoon European trade as a cold snap in Europe sparked concern and boosted demand for the blue fuel.

As of 16:30 p.m. Bulgarian time, the gas futures of the Dutch hub TTF with delivery in January 2023 rose by 6% to 147 euros per megawatt hour.

In recent days, the old continent’s real heating season has begun, with northern Europe facing sub-zero temperatures for the next two