CommoditiesMediumUpdated•Originally published 20 October 2026•Updated 20 October 2026•
1 min read
European Natural Gas Surges Past €90/MWh to Four-Year High
Key Facts
1European natural gas prices exceeded €90 per megawatt-hour for the first time in nearly four years.
European natural gas prices exceeded €90 per megawatt-hour for the first time in nearly four years. Seeking Alpha reported that the price surge comes amid ongoing supply concerns within the energy market.
The price spike is driven by the ongoing Hormuz crisis, which has severely strained Qatari LNG supplies to the European continent. This milestone marks a continuation of a five-day upward trend linked to geopolitical tensions affecting energy routes.
Latest Updates · 1
- Notable·
Update: Supply pressures intensified as official data showed Norway's natural gas production fell 12.6% in September compared to August. Output from Europe's largest supplier came in 4% below official forecasts, further compounding concerns over supply availability.