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.
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