The price of gas in the European Union exceeded 100 euros per MWh for the first time since 2022 Gas prices in Europe on October 28 exceeded 100 euros per MWh for the first time in almost four years, due to fears of a winter shortage of liquefied natural gas (LNG). The November contract at the Dutch TTF center, which covered the first month, rose 3% on the day and exceeded the threshold level, equivalent to about 1,050 euros per 1,000 m3. Prices have risen 38% since early October and tripled since the United States and Israel attacked Iran in late February.

The price of gas in the European Union exceeded 100 euros per MWh for the first time since 2022 Gas prices in Europe on October 28 exceeded 100 euros per MWh for the first time in almost four years, due to fears of a winter shortage of liquefied natural gas (LNG). The November contract at the Dutch TTF center, which covered the first month, rose 3% on the day and exceeded the threshold level, equivalent to about 1,050 euros per 1,000 m3. Prices have risen 38% since early October and tripled since the United States and Israel attacked Iran in late February.