For the First Time Since 2022, European Gas Prices Exceed 100 Euros
European gas prices rise above 100 euros for the first time since 2022
Translated by Qiyas from السياسة — Original source
Natural gas prices in Europe surpassed the 100 euros per megawatt-hour threshold on Wednesday for the first time since December 2022, amid supply concerns as winter approaches.
According to Agence France-Presse, futures contracts for natural gas at the Dutch trading hub TTF, the key benchmark for European prices, rose to 100.30 euros per megawatt-hour before retreating to 99.97 euros, marking a 4.3 percent increase.
Reuters attributed the price surge to disruptions in liquefied natural gas shipments from the Middle East, which is adding pressure on European supplies as the region seeks to bolster its stockpiles ahead of winter.
