Home / Business and Economy / European Gas Prices Soar to Near 4-Year High
European Gas Prices Soar to Near 4-Year High
20 Oct
Summary
- European natural gas prices surpassed €90 per megawatt-hour.
- This marks the highest price point since December 2022.
- The surge raises concerns about a potential energy crunch.
European natural gas futures have surpassed €90 per megawatt-hour for the first time in nearly four years. Benchmark Dutch futures rose by 2.4% to €90.16 a megawatt-hour, a level not seen since December 2022.
This sharp increase occurs as Europe heads into the critical winter heating season, heightening fears of a renewed energy crunch. The rising costs could significantly impact households and industries reliant on natural gas for heating and power generation.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
