European gas prices hit €100/MWh, first since 2022 Gazprom crisis
Published 7 h ago1 sourceEvidence: Reported
European natural gas prices have surged past €100 per megawatt-hour, driven by heightened Middle East tensions and seasonal cold-weather demand. The breach signals renewed energy-cost pressures for the region, with potential knock-on effects on inflation and industrial competitiveness. Uncertainty remains over supply continuity and the duration of elevated prices.
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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 7 h ago1 sourceEvidence: Reported
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