European Gas Jumps 20% on Week as ‘Perfect Storm’ Hits Sentiment

European Gas Jumps 20% on Week as ‘Perfect Storm’ Hits Sentiment

European natural gas prices surged 30% this week as a change in sentiment took hold and traders rushed to cover short positions amid bouts of unusually cold weather.

EU NatGas Spikes Most In Two Years As "Perfect Storm" Unfolds

Dutch TTF natural gas futures, Europe's benchmark gas contract, are up 25% on the week and on track for their largest weekly gain since October 2023. The abrupt reversal in sentiment reflects tightening storage levels, short covering, and a burst of unusually cold weather sweeping across the continent. "Sentiment has completely turned ... you could almost call it a perfect storm," Global Risk Management analyst Arne Lohmann Rasmussen wrote in a …

Gas prices soar 40% amid 'perfect storm' of pressures

An extended period of elevated gas prices risks pushing up the cost of fixed deals and the energy price cap from April when the next price review is due to take effect.

European gas surges 20%-plus this week on expected cold snap, tight inventories

European gas prices are set to gain more than 20% this week on forecasts of a late January cold snap that would boost heating demand, and accelerated withdrawals from gas storage facilities.

European Gas Soars 30% on Week as 'Perfect Storm' Hits Market

European natural gas prices surged 30% this week as a change in sentiment took hold and traders rushed to cover short positions amid bouts of unusually cold weather.

European Gas Prices break $450 mark for first time since June 2025

Natural gas prices in Europe on Friday surpassed $450 per 1,000 cubic meters for the first time since 23 June 2025, according to trading data.