EnergyHighReportedAccelerating
7.3
Cold Wave Forecast Drives European Gas Prices Above €83/MWh
Le SoirLO·NL · FR · DE·1 day ago
Dutch TTF gas futures rose over 2% to exceed €86/MWh, the highest level since 2022, driven by Middle East conflict escalation and Strait of Hormuz navigation disruptions affecting ~20% of global LNG and oil flows. Prices have more than doubled from ~€32/MWh in late February, reflecting sustained supply risk. European storage levels remain a key uncertainty as winter approaches.
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