European gas prices rise above €100 per megawatt hour
By The BriefBrief
European natural gas prices rose above €100 per megawatt hour, their highest level since 2022. Traders are concerned about a possible escalation of the Iran war and forecasts of a cold winter while gas storage is low. EU storage facilities are 72% full; the EU says it is not worried about supplies but warns households of a difficult season.
WHO:European natural gas traders and market participants
WHAT:European natural gas prices rose above €100 per megawatt hour.
WHEN:Reported Oct 28, 2026 at 1:00 PM ET
WHERE:Europe
WHY:Traders are concerned about a possible escalation of the Iran war and forecasts of a cold winter while gas storage levels are low.
Reporting from 2 identified publishers across this event arc.
