- European energy prices soared amid concerns about France’s nuclear fleet and disruptions due to widespread strikes, along with a late-winter cold blast in other parts of the region.
- Benchmark natural gas futures settled 21% higher, the biggest jump since June.
- French year-ahead power surged 16%, the most in more than six months.
- French nuclear reactors have raised concerns about the long-term health of the nation’s fleet, while strikes are set to upend operations at energy facilities into next week.
- The market is also focused on demand for liquefied natural gas in Asia, Europe’s key competitor for the vital fuel.
Europe Energy Prices Soar Amid French Nuclear Woes and Strikes
European energy prices soared amid concerns about France’s nuclear fleet and disruptions due to widespread strikes, along with a late-winter cold blast in other parts of the region.
Elena Mazneva
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