Overview
- The Dutch TTF benchmark for April delivery closed at €43.3 per MWh on March 2, up about 35% on the day.
- Prices briefly reached the €48 range intraday, with some reports citing a peak move of just over 50%.
- Media reports said QatarEnergy, a leading LNG exporter, was hit by an Iranian drone attack and halted production, driving supply concerns.
- Qatar’s outsized role in global LNG trade heightened European market sensitivity to any disruption, amplifying futures volatility on the Intercontinental Exchange.
- Reuters-cited experts said the reported stoppage may continue while Iranian retaliatory actions persist, keeping near-term price risk elevated.