Business · Energy & Commodities · 9 hrs ago
European gas prices rise above €90 per megawatt-hour
On October 22, the TTF gas price rose to €90.80 per megawatt-hour in Amsterdam.
TTF is a benchmark index used to track gas prices.
The price was up 3.9% and had moved above €90.
Traders are watching developments in the Middle East conflict as they assess the market.
They are also monitoring the situation in the Strait of Hormuz.
The price rise matters because it shows gas markets are responding to these developments; no further market outlook was reported.
European gas prices rose above €90 per megawatt-hour on October 22, 2026.
At Amsterdam’s TTF hub, prices reached €90.80 per megawatt-hour, up 3.9%, ANSA reported.
TASS said November futures at the TTF hub rose to around $1,055 per 1,000 cubic meters, equivalent to €91.07 per megawatt-hour.
Market operators were watching developments in the Middle East conflict and the situation around the Strait of Hormuz.
Asian spot LNG prices also exceeded $30 per million British thermal units, their highest level since the fall of 2022, TASS reported.
- Who
- Gas market operators and traders.
- What
- European gas prices rose above €90 per megawatt-hour.
- When
- October 22, 2026.
- Where
- Amsterdam’s TTF hub in the Netherlands.
- Why
- Operators were watching developments in the Middle East conflict and the situation around the Strait of Hormuz.
This story does not have two clearly opposing sides.
TASS reported that day-ahead spot prices at the TTF hub had exceeded $1,050 per 1,000 cubic meters.
November gas futures at the TTF hub rose to around $1,055 per 1,000 cubic meters, according to TASS.
ANSA reported TTF prices at €90.80 per megawatt-hour, up 3.9%.
- TTF price
- €90.80 per megawatt-hour, according to ANSA
- TTF price change
- Up 3.9%, according to ANSA
- November futures
- Around $1,055 per 1,000 cubic meters, according to TASS
- Futures equivalent
- €91.07 per megawatt-hour, according to TASS
- Asian spot LNG
- Above $30 per million British thermal units, according to TASS