European natural gas index price breaks 100 euros for the first time in nearly four years Xinhua News Agency, London, October 28 (Reporter Zhao Xiaone) Natural gas prices in Europe continued to rise on the 28th. The Dutch Transfer Center (TTF) natural gas futures price, which is the price of European natural gas, exceeded €100 per megawatt hour intraday on the same day, which was the first time since December 2022. Market data shows the November TTF natural gas futures price rose to 100.75 euros per megawatt hour at one point during the session. Since this month, natural gas prices in Europe have risen by about 40%. Data from the European Gas Infrastructure Association shows that as of October 26, the gas storage capacity of the natural gas storage facilities in the European Union was about 74.9% of the total capacity, which is significantly lower than the corresponding period in previous years. Between them, the gas storage rates of Germany and the Netherlands are about 61.7% and 65.5% respectively. With the arrival of the winter heating season, the pressure on the supply of natural gas in Europe increases even more. Market analysts believe that the war in the Middle East continues to disrupt the export of liquefied natural gas in the Gulf region, and the market fears that the situation in the Middle East may escalate further, which will lead to a further reduction in the supply of natural gas in the region. At the same time, weather forecasts suggest that parts of Europe and Asia may experience colder weather this winter than in previous years, putting upward pressure on demand for heating gas. Natural gas stocks in Europe are currently at a low level, and the combination of several factors may further increase natural gas prices.

European natural gas index price breaks 100 euros for the first time in nearly four years Xinhua News Agency, London, October 28 (Reporter Zhao Xiaone) Natural gas prices in Europe continued to rise on the 28th. The Dutch Transfer Center (TTF) natural gas futures price, which is the price of European natural gas, exceeded €100 per megawatt hour intraday on the same day, which was the first time since December 2022. Market data shows the November TTF natural gas futures price rose to 100.75 euros per megawatt hour at one point during the session. Since this month, natural gas prices in Europe have risen by about 40%. Data from the European Gas Infrastructure Association shows that as of October 26, the gas storage capacity of the natural gas storage facilities in the European Union was about 74.9% of the total capacity, which is significantly lower than the corresponding period in previous years. Between them, the gas storage rates of Germany and the Netherlands are about 61.7% and 65.5% respectively. With the arrival of the winter heating season, the pressure on the supply of natural gas in Europe increases even more. Market analysts believe that the war in the Middle East continues to disrupt the export of liquefied natural gas in the Gulf region, and the market fears that the situation in the Middle East may escalate further, which will lead to a further reduction in the supply of natural gas in the region. At the same time, weather forecasts suggest that parts of Europe and Asia may experience colder weather this winter than in previous years, putting upward pressure on demand for heating gas. Natural gas stocks in Europe are currently at a low level, and the combination of several factors may further increase natural gas prices.