Around 21:00 GMT, the American gas futures contract for delivery in December rose 5.10% to $3.356, a level unexplored since the beginning of November 2023. As for its European equivalent, the Dutch TTF, considered to be the reference for the Old Continent, it won 3.22%, ending at 48.303 euros per megawatt hour (MWh), also a peak in more than a year. According to Masanori Odaka of Rystad Energy, the movement was triggered on the American market, by an update of the weather forecasts, which now forecast temperatures below seasonal norms in the Western United States during the first week of December. According to the analyst, “now that prices are much higher, the market is waiting to see how production will react”, prompted by more attractive prices. Unlike oil, natural gas is a very regionalized market, where prices and variations often differ significantly from one continent to another