Gas prices in Europe surge 234% in 2026 as reserves hit historic lows

FinanceInternationalEuronews.comOct 27, 2026, 2:44 AM40 s readAI summary

The Dutch TTF contract, Europe's gas benchmark, is trading around 96 euros per megawatt hour after nearing 97.64 euros, its highest level since December 2022, a rise of about 234% since January. EU storage stood at 74.6% on October 24, versus 82.9% a year earlier, the lowest level for this time of year since 2011, according to IEEFA. The absence of Qatari LNG and the upcoming ban on Russian LNG are pressuring winter supply.

In 40 seconds

TTF trades around 96 euros/MWh, 234% more than at the start of the year and its highest level since December 2022
EU reserves stood at 74.6% on October 24, the lowest level for that date since 2011
Middle East LNG accounted for about 8% of EU imports last year and no cargo from Qatar has arrived since May

Read the full story at Euronews.com

IASummary generated by artificial intelligence from a story by Euronews.com. It may contain errors: the original source prevails.

gas natural
energía
Europa
TTF
GNL

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Gas prices in Europe surge 234% in 2026 as reserves hit historic lows

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