European gas prices have jumped to over €40/MWh this past week and currently sit at €37.85/MWh. The surge was driven by concerns of potential worker strikes at Chevron and Woodside Energy Group facilities in Australia, which could disrupt LNG exports and tighten the global gas market. Other factors contributing to the price surge include reduced LNG imports to Europe last month, increased flows to Ukraine, and the potential for delays in Norway’s seasonal maintenance. The recent increase in prices follows a drop in June to a two-year low of €23/MWh. Entity 02-Aug 09-Aug Unit % 2024 Forecast Forecast Green H2 Germany 7.480 7.574 €/kg 1.26% €4.06/kg Link Green H2 California 5.230 4.951 €/kg -5.33% €2.53/kg…