European gas prices hit €100/MWh, first since 2022 Gazprom crisis
Published 6 h ago1 sourceEvidence: Reported
European benchmark gas prices have surged above 100 euros per MWh, a level not seen since the 2022 energy crisis. The rise is attributed to escalating conflict involving Iran and pre-winter storage refilling in Germany. This signals renewed supply concerns and potential inflationary pressure in Europe.
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European natural gas prices have surged past €100/MWh, a level last observed in December 2022, driven by heightened Middle East tensions impacting LNG shipping and increasing winter demand. This breach signals renewed energy-cost pressures for Europe, with potential inflationary effects and implications for industrial competitiveness. Uncertainty remains regarding the duration of Middle East shipping disruptions and the severity of winter demand.
Published 6 h ago1 sourceEvidence: Reported
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