European gas prices could rise if Iran disruption continues, Uniper CEO says

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)