European Natural Gas Futures Surge Above €80

European Natural Gas Prices Break €80/MWh

Benchmark European natural gas futures climbed above €80 per megawatt‑hour on Wednesday, reaching €80.98, which represents the highest level observed since January 2023. The intraday surge saw futures rise as much as 6.8%, marking the first occasion in more than three years that prices have breached the €80 threshold. The article notes that European gas prices have more than doubled since the onset of the war in the Middle East, although the current levels remain below the peaks recorded during the earlier energy crisis. The report was generated with AI assistance and subsequently reviewed by an editor.