The price of natural gas on the major gas exchange in Amsterdam rose as much as 20 percent on Monday, the first time it has been seen since March. At around 17:00, a megawatt hour costs 27.55 euros, about 18% more than the day before. This is still several times lower than last year’s peak and also 60% lower than earlier this year.
At the end of last month, gas prices fell to their lowest level in almost two years. The decline was caused by mild weather, rising LNG imports and better-than-expected gas inventories. Businesses and households have also saved on gas consumption.