On TTF, the Netherlands-based virtual natural gas trading venue with the highest depth in Europe, the price of gas per megawatt-hour in November futures contracts closed at 38.2 euros on Friday.
In the aftermath of clashes between Israel and Hamas, gas prices rose as high as 44.5 euros per megawatt-hour after Israel demanded that US energy company Chevron halt production at the Tamar gas field in the eastern Mediterranean.
Prices closed the day at 43 euros per megawatt-hour, up 12.5 percent from Friday's close.
Gas prices had been on an upward trend amid concerns over energy supply security following geopolitical tensions.
Editor: David Goodman
