European natural gas surged through €100 a megawatt-hour for the first time since the 2022 energy crisis, reviving fears | Hanami
European natural gas surged through €100 a megawatt-hour for the first time since the 2022 energy crisis, reviving fears of another damaging price shock just as the region heads into its peak demand season.
Benchmark futures jumped more than 4% to the highest since December 2022, breaching a threshold last seen during the turmoil that followed Russia’s invasion of Ukraine. Fears that an escalation of the Iran war could further disrupt global gas supplies have combined with Europe’s low fuel reserves and rising heating demand to drive the latest surge. https://www.bloomberg.com/news/articles/2026-10-28/european-gas-hits-100-for-first-time-since-2022-energy-crisis