European Natural Gas Prices Rise to $97.31/MWh Amid Saudi Pipeline Shutdown Reports

European natural gas prices have risen to $97.31 per megawatt-hour (MWh) following reports of a shutdown in a key Saudi Arabian pipeline, marking a 6% increase, according to OilPrice. The outlet reported that heightened Middle East tensions due to the pipeline disruption are pressuring global liquefied natural gas (LNG) supplies. Further verification is needed on the actual trading volume and broader impact on European energy markets.