European gas prices could rise if Iran disruption continues, Uniper CEO says
29/04/2026 10:02
LONDON, April 29 (Reuters) - European gas prices could rise further if disruption to supplies due to the Iran conflict and near closure of the Strait of Hormuz continues, the CEO of German state-owned utility Uniper UN0k.DE said on Wednesday. The benchmark Dutch TTF gas price is currently trading at around 44 euros/megawatt hour, up around 38% compared with prices before the U.S. and Israel began strikes against Iran on February 28. “I think the longer this continues, the more there is room for a market correction,” Michael Lewis, Uniper's CEO, said at the Aurora Energy Research Forum in London. (Reporting by Susanna Twidale) ((susanna.twidale@thomsonreuters.com))
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