European benchmark natural gas prices in the EU briefly cross €100 per megawatt-hour for the first time since late 2022, as traders cite tight supply conditions ahead of winter. Several outlets link the move to disruptions affecting liquefied natural gas (LNG) flows connected to the Middle East, including shipping constraints.
The coverage also places the price jump in a wider winter context. France 24 says EU officials are not worried about supplies but warn households of a difficult season, while noting storage is only partly filled. Euronews adds that the EU energy commissioner warns of another potential energy crisis. RTE similarly emphasizes the role of ongoing shipping disruptions into Europe.
Other reports compare the current level with the 2022 energy crisis and broaden the explanation. Vanguard notes prices remain well below 2022 peaks. ZeroHedge highlights “psychological” and market stress factors such as forecasts for colder weather and relatively low storage, while PravdaReport frames the rise more strongly around global arbitrage and geopolitical risk near the Strait of Hormuz. Despite differing emphasis, all accounts treat the €100 level as a notable threshold after a lengthy period below it.
