European Natural Gas Prices Break Above 80 Euros per MWh, Hitting a Three-Year High

According to Jin10, European natural gas prices rose above 80 euros per megawatt-hour for the first time, reaching a more than three-year high and putting greater pressure on Europe. Benchmark futures climbed as much as 6.8% to 80.98 euros, the highest level since January 2023. Although prices remain far below the peak seen during the energy crisis, they have doubled since the Middle East war began. With winter demand expected to rise, the price pressure could develop into a broader economic problem.