Business · Energy & Commodities · 3 hrs ago
European gas prices reach highest level since 2022
European gas prices have topped €86 per megawatt-hour, their highest level since 2022.
The rise comes as Qatar’s limited LNG exports leave less liquefied natural gas available for buyers.
Europe and Asia are now competing for gas supplies this winter.
If the winter is cold, gas prices could rise further.
More expensive gas could also push up inflation and capital-market interest rates.
The price outlook will depend in part on winter weather and how much gas is available.
European gas prices rose to more than €86 per megawatt-hour, their highest level since 2022.
Limited liquefied natural gas exports from Qatar are intensifying competition between Asia and Europe for supplies this winter.
A cold winter could push gas prices higher.
Higher gas prices could also increase inflation and capital market interest rates.
- Who
- European gas buyers are competing with buyers in Asia for liquefied natural gas.
- What
- European gas prices rose to more than €86 per megawatt-hour, their highest level since 2022.
- When
- The article was published on October 13, 2026.
- Where
- Europe; the article also mentions competition with Asia.
- Why
- Limited liquefied natural gas exports from Qatar are increasing competition for supplies this winter.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Price
- More than €86 per megawatt-hour
- Record
- Highest level since 2022
- Supply factor
- Limited liquefied natural gas exports from Qatar
- Market impact
- A cold winter could make gas more expensive and push up inflation and capital market interest rates
Sources
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