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ClimateQuiet 9d · day 13

European gas hits €100 for first time since 2022 as winter crisis looms

Benchmark prices surge past the 2022 energy-crisis peak amid Middle East disruptions and low storage levels entering winter.

newest coverage 9d agosummary written 10d ago12 pieces12 likes & upvotes6 comments Google NewsNewswiresXMastodonReddit

What to know

  • European natural gas benchmark hit €100/MWh on 28 October, first time since December 2022, driven by Iran war disruptions to LNG supplies and below-normal storage levels.
  • EU Energy Commissioner Dan Jørgensen declared Europe faces "another energy crisis" with a difficult winter ahead and "skyrocketing" fuel bills.
  • Gas price remains well below its August 2022 peak of €340/MWh but has tripled since pre-Iran-war levels of €32, with storage at only 75% of capacity entering winter.

Dan Jørgensen EU Energy CommissionerEuropean Union Regional bloc

European gas hits €100 for first time since 2022 as winter crisis looms
euronews.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

Peak 5 pieces in 3h at Oct 28, 11 AM; 12 pieces over 13 days (9 articles · 3 posts) Oct 26, 5 AM — 2 pieces · 2 articles — Google News 2Oct 26, 8 AM — quietOct 26, 11 AM — 1 piece · 1 article — Google News 1Oct 26, 2 PM — quietOct 26, 5 PM — quietOct 26, 8 PM — quietOct 26, 11 PM — quietOct 27, 2 AM — quietOct 27, 5 AM — quietOct 27, 8 AM — quietOct 27, 11 AM — quietOct 27, 2 PM — quietOct 27, 5 PM — quietOct 27, 8 PM — quietOct 27, 11 PM — quietOct 28, 2 AM — quietOct 28, 5 AM — quietOct 28, 8 AM — quietOct 28, 11 AM — 5 pieces · 3 articles · 2 posts — Newswires 3, Mastodon 1, X 1Oct 28, 2 PM — quietOct 28, 5 PM — 2 pieces · 1 article · 1 post — Newswires 1, Reddit 1Oct 28, 8 PM — quietOct 28, 11 PM — quietOct 29, 2 AM — quietOct 29, 5 AM — quietOct 29, 8 AM — quietOct 29, 11 AM — quietOct 29, 2 PM — 1 piece · 1 article — Google News 1Oct 29, 5 PM — quietOct 29, 8 PM — quietOct 29, 11 PM — quietOct 30, 2 AM — 1 piece · 1 article — Newswires 1Oct 30, 5 AM — quietOct 30, 8 AM — quietOct 30, 11 AM — quietOct 30, 2 PM — quietOct 30, 5 PM — quietOct 30, 8 PM — quietOct 30, 11 PM — quietOct 31, 2 AM — quietOct 31, 5 AM — quietOct 31, 8 AM — quietOct 31, 11 AM — quietOct 31, 2 PM — quietOct 31, 5 PM — quietOct 31, 8 PM — quietOct 31, 11 PM — quietNov 1, 1 AM — quietNov 1, 4 AM — quietNov 1, 7 AM — quietNov 1, 10 AM — quietNov 1, 1 PM — quietNov 1, 4 PM — quietNov 1, 7 PM — quietNov 1, 10 PM — quietNov 2, 1 AM — quietNov 2, 4 AM — quietNov 2, 7 AM — quietNov 2, 10 AM — quietNov 2, 1 PM — quietNov 2, 4 PM — quietNov 2, 7 PM — quietNov 2, 10 PM — quietNov 3, 1 AM — quietNov 3, 4 AM — quietNov 3, 7 AM — quietNov 3, 10 AM — quietNov 3, 1 PM — quietNov 3, 4 PM — quietNov 3, 7 PM — quietNov 3, 10 PM — quietNov 4, 1 AM — quietNov 4, 4 AM — quietNov 4, 7 AM — quietNov 4, 10 AM — quietNov 4, 1 PM — quietNov 4, 4 PM — quietNov 4, 7 PM — quietNov 4, 10 PM — quietNov 5, 1 AM — quietNov 5, 4 AM — quietNov 5, 7 AM — quietNov 5, 10 AM — quietNov 5, 1 PM — quietNov 5, 4 PM — quietNov 5, 7 PM — quietNov 5, 10 PM — quietNov 6, 1 AM — quietNov 6, 4 AM — quietNov 6, 7 AM — quietNov 6, 10 AM — quietNov 6, 1 PM — quietNov 6, 4 PM — quietNov 6, 7 PM — quietNov 6, 10 PM — quietYesterday, 1 AM — quietYesterday, 4 AM — quietYesterday, 7 AM — quietYesterday, 10 AM — quietYesterday, 1 PM — quietYesterday, 4 PM — quietYesterday, 7 PM — quietYesterday, 10 PM — quietToday, 1 AM — quietToday, 4 AM — quietToday, 7 AM — quietToday, 10 AM — quiet 12
Oct 27Oct 28Oct 29Oct 30Oct 31Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6now · 12:23 PM ET
  1. 2

    Benchmark gas price crosses €100

    The front-month Dutch TTF contract, Europe's natural gas benchmark, trades at €100.37 per megawatt-hour at 16:00 CET, marking the first time it has crossed €100 since December 2022. The price is up over 4% on the day but remains well below its August 2022 record of €340.

    “We know that this winter will be difficult for European citizens and for our economy in general.”
    — Dan Jørgensen

    1. 5 outlets first by Euronews, 11d ago · also RTE News, Straits Times, France 24 EN, Reuters · read ↗

  2. background

    EU energy chief warns of new crisis — Dan Jørgensen, the EU's energy commissioner, tells reporters in Brussels that Europe faces "another energy crisis" and a difficult winter, with fuel bills "skyrocketing." He speaks after meeting with European oil refiners.

  3. 1 day quiet
  4. 1

    European gas hits €97 on winter concerns

    European benchmark gas prices approach €100 per megawatt-hour for the first time since the 2022 energy crisis, rising on winter supply risks.

    1. 1 outlet European TTF Gas Is Back Above 100 Euros a Megawatt-Hour

      first by WSJ US Business, 9d ago

    2. 1 outlet first by Energy Connects, 13d ago · read ↗

  5. background

    Iran war begins, disrupting LNG supplies — The Iran conflict starts, beginning a disruption to liquefied natural gas shipments that cuts off supplies from several sources, mainly Qatar.