European gas tops 100 euros per megawatt hour for the first time since 2022

FinanceInternationalXTB.comOct 28, 2026, 10:48 AM45 s readAI summary

Dutch TTF futures, Europe's gas benchmark, rose above 100 euros per megawatt hour, with gains of more than 4% in the session, levels not seen since December 2022. The increase combines tensions over LNG supply from the Middle East, low storage — European inventories stood at 75% of capacity on October 21 — and the risk that cold weather lifts both European and Asian demand. ACER estimates the Middle East conflict has added between 18,000 and 33,000 million euros to Europe's gas import bill.

In 45 seconds

Dutch TTF topped 100 euros per megawatt hour, up more than 4% and at highs not seen since December 2022.
European storage stood at 75% of capacity on October 21, versus 83% on the same date in 2025.
ACER puts the extra cost to Europe's gas import bill from the Middle East conflict at 18,000 to 33,000 million euros.

Read the full story at XTB.com

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

gas natural
TTF
energía
Europa
inflación

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European gas tops 100 euros per megawatt hour for the first time since 2022

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