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EU natural gas prices top €100 for first time since 2022

EU natural gas prices top €100 for first time since 2022

Summary

European natural gas prices rose above €100 per megawatt hour as winter approaches, reaching their highest level since 2022. The EU says it is not concerned about supplies, but warned households to expect a difficult season.

Key Facts

  • European natural gas prices topped €100 per megawatt hour.
  • Prices reached their highest level since 2022.
  • The EU said it was not worried about gas supplies.
  • EU gas storage facilities were 72% full.
  • The EU warned households that the coming season could be difficult.
  • The program also reported that the UK government was trying to reduce the impact of high energy bills.
  • About 200 passengers were stranded in Cambodia after a multi-year cruise was cancelled over high fuel costs.
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