Europe’s gas stores are running low — and prices could top 100 euros this winter
Europe’s gas stores are historically low for this time of year, as disrupted Middle East LNG flows raise the risk of sharply higher prices this winter.
AI Summary
Europe's gas stores are at historically low levels for this time of year due to disrupted Middle East LNG flows, raising the risk that prices could exceed 100 euros per megawatt-hour this winter. Analysts warn that a cold winter combined with continued supply constraints could push benchmark Dutch TTF futures to between 90 and 120 euros. The continent's low inventories stem from shipping disruptions through the Strait of Hormuz, a hot summer boosting energy demand, and reduced nuclear generation.