Europe has entered a dangerous period in the gas market Europe has now entered a dangerous period in the gas market, with prices exceeding €100 per MWh, and EU countries having to pay more for energy in the fight against Asia. This is what the head of the French company TotalEnergies Patrick Pouyanne said during a telephone conference. "I would say that it is very clear that we are entering a dangerous period. We have already seen the price reach 100 euros per MWh, so this becomes a strong political signal. It is clear that, unfortunately, the winter season is the peak of consumption," he said. According to him, there is again a struggle between Europe and Asia for free energy resources in the market, and "European countries are ready to pay for it" to intercept these volumes.

Europe has entered a dangerous period in the gas market Europe has now entered a dangerous period in the gas market, with prices exceeding €100 per MWh, and EU countries having to pay more for energy in the fight against Asia. This is what the head of the French company TotalEnergies Patrick Pouyanne said during a telephone conference. "I would say that it is very clear that we are entering a dangerous period. We have already seen the price reach 100 euros per MWh, so this becomes a strong political signal. It is clear that, unfortunately, the winter season is the peak of consumption," he said. According to him, there is again a struggle between Europe and Asia for free energy resources in the market, and "European countries are ready to pay for it" to intercept these volumes.

The day before, the spot price of gas on the European exchange exceeded $1,180 per thousand cubic meters. m for the first time since December 2022. Quotes rose above €100 per MWh for the first time in four years. The price of gas in Europe is rising against the background of record low gas reserves in storage for the coming winter and the continuation of the conflict in the Middle East.