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Thursday, October 22, 2026Updated 15:38 UTC

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European Natural Gas Prices Rise on Middle East Escalation

Source: OilPrice.com · Oct 22, 2026 14:30 UTC

City lights along the Mediterranean Sea at night, seen from the International Space Station — File photo NASA · Public domain · Source

The Quick Take

Europe’s benchmark natural gas prices rose on Thursday to nearly 90 euros per megawatt-hour, or the equivalent of $29.50 per million British thermal units (MMBtu), as the escalation in the Middle East raised concerns about European winter gas supply amid historically low inventories at the start of the heating season. The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark

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