Business · Energy & Commodities · 9 hrs ago
European gas futures rise above €83 amid colder forecasts and supply disruptions
The price of natural gas rose on the TTF exchange in Amsterdam, a key European trading hub.
November futures climbed 2.2% to €83.2 per megawatt-hour, a level last reached on September 14.
The price rise comes amid the Middle East crisis and the war in Ukraine.
Forecasts for colder weather in Europe are also increasing pressure on gas demand.
Unplanned maintenance at Norway’s Kårstø plant is cutting supply by 5 million cubic metres a day.
These factors are contributing to concern about Europe’s gas supply and prices.
The update gives no further details on how long the maintenance will last or what happens next.
European gas futures rose above €83 per megawatt-hour on the Amsterdam TTF market.
November contracts gained 2.2% to €83.2 per megawatt-hour.
The price reached a level last seen on September 14.
Colder temperature forecasts in Europe and unplanned maintenance at Norway’s Kårstø facility weighed on supply.
The article also cited the Middle East crisis and the war in Ukraine as factors behind the rise.
- Who
- European gas futures traders on the Amsterdam TTF market.
- What
- November gas futures rose 2.2% to €83.2 per megawatt-hour, above €83.
- When
- October 12, 2026.
- Where
- The Amsterdam TTF market.
- Why
- Colder forecasts in Europe, unplanned maintenance at Norway’s Kårstø facility, the Middle East crisis and the war in Ukraine were cited as factors.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Market
- Amsterdam TTF
- Contract month
- November 2026
- Price
- €83.2 per megawatt-hour
- Daily change
- Up 2.2%
- Supply disruption
- Kårstø maintenance cut supply by 5 million cubic metres per day
Sources
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