European Natural Gas Prices Rise on Middle East Escalation
- European natural gas prices rose to nearly 90 EUR per MWh on Thursday, exceeding levels unseen since December 2022 as escalating Middle East tensions raised concerns about winter supply security.
- Gas Infrastructure Europe reported that European storage sites were only 74% full as of October 21, well below the five-year average of about 86% at the start of the heating season.
- The Dutch Title Transfer Facility jumped 2.7% on Thursday, tracking a 3% surge in Brent Crude to $112 per barrel as Iran reported striking tankers in the Persian Gulf.
- Consultancy Timera Energy warned last week that Europe and Asia face risks of late-winter price spikes, as limited demand-side flexibility could trigger sharp increases from current levels.
- Ole Hansen, Head of Commodity Strategy at Saxo Bank, noted Thursday that low storage leaves Europe vulnerable to import dependence throughout winter, while analysts assume the Hormuz strait remains closed through Q4 2026.
192 Articles
192 Articles
Sapo
Noticias ao MinutoAt the end of the winter of 2025-2026, underground gas storage levels reached 28% of capacity, compared to 34% in the previous year. On 21 October 2026, EU storage reserves stood at 75%, says a report from the European Union Agency for the Cooperation of Energy Regulators (ACER) on the European gas market, published today.
European Gas Prices Surge on Global Arbitrage, Not Local Demand
European natural gas futures have surged to levels not seen since December 2021, driven by a tightening physical supply chain and geopolitical instability in the Middle East. On October 26, November futures at the Dutch TTF hub rose 3.5%, reaching $1,142.3 per thousand cubic meters (€97.135 per MWh). This price action marks the culmination of a rally that began in March, when prices hovered around $600, climbing steadily through September as sup…
With winter in Europe now approaching, the price of gas reached a new peak. Yesterday morning the Amsterdam Ttf index reached 97.29 euros per megawattora. A level that...
European gas prices rose to over 96 €/MWh on Monday, reaching the highest level since November 2022.
Coverage Details
Bias Distribution
- 41% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
