Business
European gas prices hit four-year high amid winter supply fears
October 26, 2026 at 11:29 AM
Coverage
4 reports · 3 in Arabic, 1 in English · over 5 hours
AJAl Jazeera Arabic
بيرول: أسواق الطاقة لن تعود في 2027 إلى مستويات ما قبل الحرب
(opens the publisher’s site)
TGThe Guardian
European gas prices soar to four-year high over winter supply fears
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AJAl Jazeera Arabic
الغاز الأوروبي يتجاوز 97 يورو لأول مرة منذ 2022
(opens the publisher’s site)
SNSky News Arabia
أسعار الغاز الأوروبي تتجاوز 97 يورو لأول مرة منذ 2022
(opens the publisher’s site)European wholesale gas prices exceeded €97 per megawatt-hour on Monday, their highest level since 2022, as temperatures fell and conflict continued in the Middle East.
- The UK month-ahead gas contract rose 4% to 240 pence per therm, its highest level since December 2022.
- European gas storage stood at about 75% full, the lowest level for this time of year since records began in 2009.
- IEA executive director Fatih Birol warned energy markets will not return to pre-war levels during 2027, citing reduced Qatari and Emirati exports.
- French electricity futures for next-month delivery topped €200 per megawatt-hour, their first such level since January 2023.