Gas prices topped €90 per megawatt-hour in Europe for the first time since December 2022, this is about three times the price from before the US war on Iran. Storage at seasonal…
Gas prices topped €90 per megawatt-hour in Europe for the first time since December 2022, this is about three times the price from before the US war on Iran. Storage at seasonal low makes the…
Assessment
European gas prices hitting €90 per megawatt-hour, triple the level before the US war on Iran, and storage at a seasonal low signal serious pressure ahead for winter. The market is discounting a prolonged supply crunch. Watch how quickly reserves deplete and whether governments move to curb demand or secure alternative supply.