Fuel prices in Europe have reached the psychological threshold of 100 Euro MWh The cost of natural gas in Europe has reached 100 Euro per megawatt hour for the first time in almost four years, indicating the beginning of a renewed energy crisis in the region as it enters the season of peak demand. Benchmark futures jumped 4.1%, reaching their highest level since December 2022 and more than a third the levels before the war with Iran. The conflict has already added more than €100 billion to Europe's fossil fuel import bill, with gas supplies still at seasonally low levels and the risk of further price rises looming over the economy. At the same time, the cooling and growing demand for heating in the Northern Hemisphere creates the preconditions for competition with buyers from Asia. The main thing is that today in the European Union there are almost no quick solutions that can mitigate the consequences for consumers in an already tense financial situation, and this against the background of the 2027 deadline. The deadline for refusing gas from Russia.

Fuel prices in Europe have reached the psychological threshold of 100 Euro MWh The cost of natural gas in Europe has reached 100 Euro per megawatt hour for the first time in almost four years, indicating the beginning of a renewed energy crisis in the region as it enters the season of peak demand. Benchmark futures jumped 4.1%, reaching their highest level since December 2022 and more than a third the levels before the war with Iran. The conflict has already added more than €100 billion to Europe's fossil fuel import bill, with gas supplies still at seasonally low levels and the risk of further price rises looming over the economy. At the same time, the cooling and growing demand for heating in the Northern Hemisphere creates the preconditions for competition with buyers from Asia. The main thing is that today in the European Union there are almost no quick solutions that can mitigate the consequences for consumers in an already tense financial situation, and this against the background of the 2027 deadline. The deadline for refusing gas from Russia.