European gas prices surge 35% after Iran attacks world's largest gas plant

European natural gas prices surged after Iranian missile strikes damaged the world's largest liquefied natural gas export facility.

This was reported by Economic Pravda, citing Bloomberg.

Benchmark futures jumped 35% on Thursday, sending prices more than double pre-war levels.

The report said Iran's strikes have heightened concerns about prolonged tensions in the global supply market.

The market is bracing for a prolonged strike on the critical liquefied natural gas production hub, which supplies about a fifth of global supplies.

It is noted that futures for the Dutch gas benchmark with delivery in the next month by 8:59 am. in Amsterdam rose by 22% to EUR 66.83 per megawatt-hour.

As Ukrainian News Agency earlier reported, oil prices rose after Iran attacked energy facilities across the Middle East, as well as the world's largest liquefied gas plant in Qatar, Ras Laffan.