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70ENERGY

European natural gas prices surge to highest level since 2022 amid low storage and Middle East supply risks

⚡ Markets: Surging gas prices threaten a European industrial slowdown and renewed inflation, pressuring the ECB and weighing on the Euro. Bullish for gas producers and LNG exporters.TTF GasEURUSDLNG

European natural gas futures have surged, with prices topping $950 per 1,000 cubic meters for the first time since December 2022. The price spike is driven by a race to fill storage ahead of winter, compounded by new supply fears stemming from the escalating conflict in the Middle East.

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