Cold Wave Forecast Drives European Gas Prices Above €83/MWh

European natural gas prices surged past €83/MWh on the Dutch TTF futures market, up 15% since the start of October, driven by an expected cold wave across much of Europe next week. The Middle East conflict has caused an unusual drawdown in regional gas stocks, increasing reliance on LNG imports and tightening the market. The price spike reflects both weather-driven demand and geopolitical supply risks, with further upside possible if the cold snap intensifies.