European Gas Prices Reach Highest Level Since 2023 on Mideast Flare-Up
6 Articles
6 Articles
Europe Gas Prices Rise Above €80 for First Time Since 2023
European natural gas surged above €80 a megawatt-hour for the first time in more than three years, intensifying the threat to the region’s economy as the war in the Middle East drives up energy costs just as winter approaches.
Price escalation comes at a time in the European Union's gas reserves reached their lowest level in 15 years at the beginning of September.
Natural gas prices in Europe have risen to around 75 euros per megawatt-hour, the highest level in the last three years, under increasing concerns about winter supply...
TTF gas at its highest from 2023. Poland has full storage facilities and Europe needs to replenish them before winter.
The October futures price on the Dutch TTF trading hub rose by 3.38% at its peak, reaching 75.79 euros per 1 MWh, or $924.3 per 1,000 cubic meters.
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