Gas prices in Europe exceeded 97 euros per MWh for the first time since 2022 - Bloomberg The cost of gas rose sharply amid fears of winter supply disruptions, the threat of a new escalation in the Middle East and the predicted cold snap. Europe remains highly dependent on LNG supplies, making it particularly vulnerable to possible disruptions ahead of the heating season. EU gas storage facilities are only 75% full, the lowest level at this time of year since observations began in 2009. The situation in Germany is even more complicated: gas reserves amount to a little more than 61%, which will hardly be enough for a colder than average winter.

Gas prices in Europe exceeded 97 euros per MWh for the first time since 2022 - Bloomberg The cost of gas rose sharply amid fears of winter supply disruptions, the threat of a new escalation in the Middle East and the predicted cold snap. Europe remains highly dependent on LNG supplies, making it particularly vulnerable to possible disruptions ahead of the heating season. EU gas storage facilities are only 75% full, the lowest level at this time of year since observations began in 2009. The situation in Germany is even more complicated: gas reserves amount to a little more than 61%, which will hardly be enough for a colder than average winter.