Heatwave sends gas prices soaring as traders reconsider supply risks

Benchmark contract at highest level since height of energy crisis last year

There are concerns that the strong inflows of liquefied natural gas could fall over the coming months. Photo: Getty Images

Eamon Akil Farhat and Priscila Azevedo Rocha

European natural gas futures soared as traders reassessed supply risks amid signs of global competition for the fuel and a heatwave bearing down on the region.