Gas in Europe tops €100/MWh for the first time since 2022 as EU warns of a new energy crisis

FinanceInternationalEuronews.comOct 28, 2026, 10:34 AM40 s readAI summary

Europe's benchmark natural gas contract, the Dutch TTF, rose above 100 euros per megawatt hour on Wednesday, a level not seen since December 2022, with a gain of more than 4% on the day. The spike came hours after EU Energy Commissioner Dan Jørgensen warned of "another energy crisis" and a difficult winter. EU gas storage stood at 75% on October 21, below the bloc's target of 90% before November 1.

In 40 seconds

The Dutch TTF traded at €100.37/MWh at 16:00 CET, up more than 4% on the day and its highest level since December 2022.
EU Energy Commissioner Dan Jørgensen said Europe faces "another energy crisis" due to geopolitical turbulence and a difficult winter.
EU gas storage stood at 75% on October 21, against the bloc's target of 90% before November 1.

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
Unión Europea
TTF
GNL

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Gas in Europe tops €100/MWh for the first time since 2022 as EU warns of a new energy crisis

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