CommoditiesMedium•27 October 2026•
1 min read
Europe Natural Gas Prices Approach 100 Euros Amid Low Storage and Cold Forecasts
Key Facts
1European benchmark TTF natural gas prices approached 100 euros per megawatt-hour for the first time since the 2022 energy crisis.
2EU gas storage facilities are currently only 75% full, significantly below the 10-year average of approximately 90%.
3Weather forecasts predict temperatures across continental Europe will fall 2C to 3C below seasonal norms starting next week.
European benchmark TTF natural gas prices approached 100 euros per megawatt-hour for the first time since the 2022 energy crisis. Reuters reported that the price surge coincides with EU gas storage facilities falling to 75% capacity, significantly below the 10-year average of approximately 90%.
Weather forecasts cited by Bloomberg predict that temperatures across continental Europe will fall 2C to 3C below seasonal norms starting next week. This supply pressure emerges as the European Union enters the withdrawal period with seasonally low inventories, leaving limited buffers to shield the continent from consecutive cold blasts.