European TTF gas tops €101/MWh, first since 2022 crisis, on low storage and Mideast LNG risk

TTF front-month gas prices exceeded €101/MWh, the highest since the 2022 energy crisis, driven by historically low European storage and fears that Middle East escalation could disrupt Qatari and Emirati LNG flows via the Strait of Hormuz. The 4% daily and 8% weekly gains reflect mounting supply risk as winter demand approaches. The situation is developing, with the actual impact on LNG flows still uncertain.

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