Due to disrupted liquefied natural gas (LNG) supplies from the Middle East, competition for alternative supply is increasing, reports the portal “TVP World”.
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European natural gas prices have risen to about 75 euros per megawatt-hour, the highest level in more than three years, as concerns about gas supply increase ahead of the winter heating season. EU gas storage is about 66% full, the lowest level for this time of year in the past 15 years.