Sympathetic to spiking European prices amid constraints on imports from Russia, domestic natural gas futures were soaring in early trading Monday. As of around 8:55 a.m. ET, the September Nymex contract was up 53.5 cents to $9.871/MMBtu.

NGI Morning Natural Gas Price & Markets Coverage

Surging Dutch Title Transfer Facility (TTF) prices in Europe, driven by supply fears amid tensions over the Russian invasion of Ukraine, were putting upward pressure on Henry Hub heading into Monday’s session, according to EBW Analytics Group.

Russia’s Gazprom PJSC late last week announced plans for a three-day shutdown of flows to Europe via the Nord Stream 1 pipeline, a move that “sparked renewed fears over winter shortages, resulting in a $10/MMBtu jump in Dutch TTF gas futures today to $85/MMBtu,” EBW senior analyst Eli Rubin told...