{"id":2543,"date":"2026-10-28T16:17:30","date_gmt":"2026-10-28T16:17:30","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/28\/european-gas-prices-hit-100-euros-for-first-time-since-2022\/"},"modified":"2026-10-28T16:17:30","modified_gmt":"2026-10-28T16:17:30","slug":"european-gas-prices-hit-100-euros-for-first-time-since-2022","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/28\/european-gas-prices-hit-100-euros-for-first-time-since-2022\/","title":{"rendered":"European gas prices hit 100 euros for first time since 2022"},"content":{"rendered":"<div><img loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/European-gas-prices-hit-100-euros-for-first-time-since-2022.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"European gas prices hit 100 euros for first time since 2022\" decoding=\"async\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/European-gas-prices-hit-100-euros-for-first-time-since-2022.jpg 1024w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/10\/AFP__20261002__D24F626__v1__HighRes__UsEconomyGasPrices-300x200.jpg 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/10\/AFP__20261002__D24F626__v1__HighRes__UsEconomyGasPrices-768x512.jpg 768w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/10\/AFP__20261002__D24F626__v1__HighRes__UsEconomyGasPrices-1536x1024.jpg 1536w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/10\/AFP__20261002__D24F626__v1__HighRes__UsEconomyGasPrices-2048x1365.jpg 2048w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/10\/AFP__20261002__D24F626__v1__HighRes__UsEconomyGasPrices-scaled-e1791031379616.jpg 900w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/p>\n<p class=\"wp-block-paragraph\">European natural gas prices climbed to the highest level since 2022 on Wednesday, topping 100 euros per megawatt-hour, driven by concerns over the Middle East war and the need to fill reserves ahead of winter.<\/p>\n<p class=\"wp-block-paragraph\">Around 1455 GMT, the Dutch TTF futures contract \u2014 the benchmark for European gas \u2014 rose more than four percent to reach 100.45 euros per megawatt-hour.<\/p>\n<p class=\"wp-block-paragraph\">Prices remain far below the peaks of the 2022 energy crisis triggered by Russia\u2019s invasion of Ukraine, when they reached 345 euros per megawatt-hour in March that year.<\/p>\n<p class=\"wp-block-paragraph\">The jump in gas prices on Wednesday reflected concerns that the United States could launch a new wave of strikes on Iran after next week\u2019s\u00a0midterm elections, risking a retaliation by Tehran on energy infrastructure in the Gulf.<\/p>\n<p class=\"wp-block-paragraph\">Exports of liquefied natural gas (LNG) from the Gulf remain very limited, according to analysts.<\/p>\n<p class=\"wp-block-paragraph\">\u201cConcerns about renewed escalation in the Middle East are driving prices higher,\u201d said Arne Lohmann Rasmussen, chief analyst at Global Risk Management.<\/p>\n<p class=\"wp-block-paragraph\">\u201cHowever, weather forecasts are also providing support,\u201d he added, as Europe is set for lower wind and solar generation, increasing demand for gas.<\/p>\n<p class=\"wp-block-paragraph\">Overall, European countries are consuming less gas than in 2022 as they increasingly switch to renewables to generate electricity.<\/p>\n<p class=\"wp-block-paragraph\">Analysts believe this shift reduces the risk of a gas price spike translating into hikes for electricity bills as severe as those seen in 2022.<\/p>\n<p class=\"wp-block-paragraph\">AFP<\/p>\n<p class=\"wp-block-paragraph\">\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/10\/european-gas-prices-hit-100-euros-for-first-time-since-2022\/\">European gas prices hit 100 euros for first time since 2022<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>European natural gas prices climbed to the highest level since 2022 on Wednesday, topping 100 euros per megawatt-hour, driven by concerns over the Middle East war and the need to&hellip; 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