{"id":2224534,"date":"2026-10-28T15:33:15","date_gmt":"2026-10-28T12:33:15","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2224534"},"modified":"2026-10-28T15:33:15","modified_gmt":"2026-10-28T12:33:15","slug":"european-gas-price-crosses-e100-for-first-time-since-2022-as-eu-warns-of-new-crisis","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2224534","title":{"rendered":"European gas price crosses \u20ac100 for first time since 2022 as EU warns of new crisis"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/94\/54\/83\/1200x675_cmsv2_2baa6642-c113-5434-8aa0-b2dfa21f13ee-9945483.jpg&#8221;]<\/p>\n<article id=\"abe-2937428-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2937428\" data-cid=\"9970604\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937428-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/06\/04\/189x106_cmsv2_beae6edc-5f9f-5ef0-b27b-7f6d468b1d58-9970604.jpg\" loading=\"lazy\" alt=\"Nord Stream 1 is out of order since mid 2022.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    EU News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Nord Stream won&#8217;t reopen after the war, Brussels tells US and Russia\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2937455-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 the-media-object--has-video\" data-nid=\"2937455\" data-cid=\"9970829\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937455-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" 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src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/07\/75\/189x106_cmsv2_40cd799f-999c-51b5-b534-adeaffb6c9ba-9970775.jpg\" loading=\"lazy\" alt=\"Hungarian Prime Minister P\u00e9ter Magyar with European Commission President Ursula von der Leyen in Brussels, 29 April, 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Brussels approves Hungary\u2019s \u20ac5.4bn defence loan\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2935254-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 the-media-object--has-video\" data-nid=\"2935254\" data-cid=\"9960324\" data-part-label=\"Partner content\">\n<figure id=\"abe-2935254-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/03\/24\/189x106_cmsv2_bc83d35a-f764-5ba7-860e-bc7986463df7-9960324.jpg\" loading=\"lazy\" alt=\"\u00a9\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Modern Nomads<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Discovering the birthplace of apples\n  <\/p><\/div>\n<div class=\"the-media-object__quote\">In partnership with <strong>MDQ<\/strong><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Markets<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            European gas price crosses \u20ac100 for first time since 2022 as EU warns of new crisis<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/94\/54\/83\/1536x864_cmsv2_2baa6642-c113-5434-8aa0-b2dfa21f13ee-9945483.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE. Operators work at Enagas regasification plant, the largest LNG plant in Europe, in Barcelona, Spain, 29 March 2022\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE. Operators work at Enagas regasification plant, the largest LNG plant in Europe, in Barcelona, Spain, 29 March 2022<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Emilio Morenatti<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Emilio Morenatti\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1793201595\">\n         Published on<br \/>\n            <time datetime=\"2026-10-28T16:33:15+01:00\">28 October 2026 &#8211; 16:33 GMT+1<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/icon-close.svg\" width=\"24\" height=\"24\" alt=\"Close Button\" class=\"u-cursor-pointer js-c-article-share-comment-close\" loading=\"lazy\"><\/div>\n<div 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src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"48\" height=\"48\" alt=\"telegram\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"24\" height=\"24\" alt=\"vk\" loading=\"lazy\"><span>VK<\/span><\/span><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"48\" height=\"48\" alt=\"vk\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/www.euronews.com\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" 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class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The milestone came only hours after the EU&#8217;s energy chief, Dan J\u00f8rgensen, said the bloc was facing a new energy crisis and a tough winter.<\/p>\n<p>The front-month Dutch TTF contract, the benchmark for gas prices in Europe, traded at \u20ac100.37 per megawatt-hour at 16:00 CET, up over 4% on the day. It stood at around \u20ac32 before the Iran war began in late February, though it remains well below its record of about \u20ac340 in August 2022.<\/p>\n<p>&#8220;Once again, due to geopolitical turbulence, Europe faces another energy crisis,&#8221; J\u00f8rgensen told reporters in Brussels on Wednesday morning, after a meeting with European oil refiners.<\/p>\n<p>&#8220;We know that this winter will be difficult for European citizens and for our economy in general,&#8221; he said, adding that fuel bills in the EU were &#8220;skyrocketing&#8221;.<\/p>\n<p>The Commission also sees the worldwide diesel market staying tight well into 2027, keeping energy prices high, and wants to boost output at European refineries, around a quarter of which have closed over the past two decades.<\/p>\n<h2>Storage lags as winter nears<\/h2>\n<p>European gas supply is currently tight.<\/p>\n<p>Disruption to liquefied natural gas (LNG) shipments caused by the Iran war has cut off supplies from several sources, mainly Qatar, while Europe entered the summer with storage levels well below normal.<\/p>\n<p>EU gas storage stood at 75% on 21 October, according to the EU Agency for the Cooperation of Energy Regulators (ACER), well short of the bloc&#8217;s usual target of 90% by 1 November, which countries have been allowed to apply more flexibly.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-1\">\n<li class=\"c-widget-related__item\">EU may need to cut winter gas demand by 7% as storage hits record low, IEEFA warns<\/li>\n<li class=\"c-widget-related__item\">European natural gas prices soar: What it means for your winter bills<\/li>\n<\/ul>\n<\/div>\n<p>Storage sites were just 28% full at the end of last winter, compared with a nine-year average of around 40%, and refilling has been slow and costly. ACER estimated the war has pushed up Europe&#8217;s bill for gas imports by between \u20ac18 billion and \u20ac33 billion.<\/p>\n<p>Almost no Qatari LNG made it to the EU over the summer, leaving the bloc increasingly reliant on the US, which now supplies roughly 30% of its gas, ACER added.<\/p>\n<p>Europe will also compete with Asia for spare LNG cargoes over the winter, potentially exposing it to further price swings, the agency warned. However, gas demand is around 20% lower than before the 2022 crisis, making the gas that is in storage stretch further.<\/p>\n<p>The EU is scrambling for alternatives.<\/p>\n<p>The bloc and Canada are exploring a long-term LNG deal, according to a draft statement for their summit in Montreal on Thursday and Friday, seen by Euronews.<\/p>\n<p>EU energy ministers are also due to meet on Thursday.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2937327-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2937327\" data-cid=\"9970147\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937327-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/47\/480x270_cmsv2_7610bcc5-f061-518b-95c3-7124041e8e33-9970147.jpg\" loading=\"lazy\" alt=\"Britain&apos;s Chancellor of the Exchequer John Healey leaves 11 Downing Street with the ministerial red box heading to the House of Commons to deliver the budget statement.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    UK budget: Here\u2019s five key takeaways from the Chancellor\u2019s speech<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937333-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2937333\" data-cid=\"9970176\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937333-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/76\/480x270_cmsv2_61250d45-e6b3-5535-b226-0c792239acc1-9970176.jpg\" loading=\"lazy\" alt=\"FILE. 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(AP Photo\/Michael Probst)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Chemicals giant BASF raises profit guidance after Iran war price hikes<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Dan J\u00f8rgensen<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  LNG<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Europe&#8217;s energy crisis<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Energy<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Natural gas<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"tp-vuukle\">\n<div class=\"c-vuukle-skeleton\" aria-hidden=\"true\">\n<div class=\"c-vuukle-skeleton__header\"><span class=\"c-vuukle-skeleton__title\">Comments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2937327-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937327\" data-cid=\"9970147\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937327-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/47\/320x180_cmsv2_7610bcc5-f061-518b-95c3-7124041e8e33-9970147.jpg\" loading=\"lazy\" alt=\"Britain&apos;s Chancellor of the Exchequer John Healey leaves 11 Downing Street with the ministerial red box heading to the House of Commons to deliver the budget statement.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    UK budget: Here\u2019s five key takeaways from the Chancellor\u2019s speech<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2937333-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937333\" data-cid=\"9970176\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937333-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/76\/320x180_cmsv2_61250d45-e6b3-5535-b226-0c792239acc1-9970176.jpg\" loading=\"lazy\" alt=\"FILE. A woman walks past a BNP bank sign in Paris, France, 20 Feb. 2008\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    BNP Paribas downplays French debt exposure as profit beats forecasts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2937309-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937309\" data-cid=\"9970013\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937309-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/00\/13\/320x180_cmsv2_afafb336-f587-5dd1-814e-2e96e7981678-9970013.jpg\" loading=\"lazy\" alt=\"FILE - Storks fly over the BASF chemical plant in Ludwigshafen, Germany, Tuesday, Sept. 10, 2024. (AP Photo\/Michael Probst)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Chemicals giant BASF raises profit guidance after Iran war price hikes<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2937264-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937264\" data-cid=\"9969868\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937264-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/98\/68\/320x180_cmsv2_f7cd3210-2084-574b-8f42-7d6561b03130-9969868.jpg\" loading=\"lazy\" alt=\"Traders work on the floor of the New York Stock Exchange, Friday, Oct. 16, 2026, in New York. 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class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/www.euronews.com\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2937327-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2937327\" data-cid=\"9970147\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937327-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/47\/480x270_cmsv2_7610bcc5-f061-518b-95c3-7124041e8e33-9970147.jpg\" loading=\"lazy\" alt=\"Britain&apos;s Chancellor of the Exchequer John Healey leaves 11 Downing Street with the ministerial red box heading to the House of Commons to deliver the budget statement.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    UK budget: Here\u2019s five key takeaways from the Chancellor\u2019s speech<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937333-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1\" data-nid=\"2937333\" data-cid=\"9970176\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937333-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/76\/480x270_cmsv2_61250d45-e6b3-5535-b226-0c792239acc1-9970176.jpg\" loading=\"lazy\" alt=\"FILE. 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(AP Photo\/Michael Probst)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Chemicals giant BASF raises profit guidance after Iran war price hikes<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937327-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937327\" data-cid=\"9970147\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937327-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/47\/320x180_cmsv2_7610bcc5-f061-518b-95c3-7124041e8e33-9970147.jpg\" loading=\"lazy\" alt=\"Britain&apos;s Chancellor of the Exchequer John Healey leaves 11 Downing Street with the ministerial red box heading to the House of Commons to deliver the budget statement.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    UK budget: Here\u2019s five key takeaways from the Chancellor\u2019s speech<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937333-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937333\" data-cid=\"9970176\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937333-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/01\/76\/320x180_cmsv2_61250d45-e6b3-5535-b226-0c792239acc1-9970176.jpg\" loading=\"lazy\" alt=\"FILE. A woman walks past a BNP bank sign in Paris, France, 20 Feb. 2008\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    BNP Paribas downplays French debt exposure as profit beats forecasts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937309-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937309\" data-cid=\"9970013\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937309-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/97\/00\/13\/320x180_cmsv2_afafb336-f587-5dd1-814e-2e96e7981678-9970013.jpg\" loading=\"lazy\" alt=\"FILE - Storks fly over the BASF chemical plant in Ludwigshafen, Germany, Tuesday, Sept. 10, 2024. (AP Photo\/Michael Probst)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Chemicals giant BASF raises profit guidance after Iran war price hikes<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2937264-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2937264\" data-cid=\"9969868\" data-part-label=\"Partner content\">\n<figure id=\"abe-2937264-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/98\/68\/320x180_cmsv2_f7cd3210-2084-574b-8f42-7d6561b03130-9969868.jpg\" loading=\"lazy\" alt=\"Traders work on the floor of the New York Stock Exchange, Friday, Oct. 16, 2026, in New York. (\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Tech stocks soar as SK hynix adds to rising AI confidence<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2936932-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 the-media-object--no-label\" data-nid=\"2936932\" data-cid=\"9968235\" data-part-label=\"Partner content\">\n<figure id=\"abe-2936932-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/96\/82\/35\/320x180_cmsv2_c56e4aee-dc6f-5302-ba24-68d8034889dc-9968235.jpg\" loading=\"lazy\" alt=\"Hildegard Stein laughs as she waves euro bills she got from an ATM in a bank in Frankfurt, Germany, shortly after midnight Tuyesday Jan. 1, 2002. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Living comfortably in Europe: How much net income do you need?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2936932-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2936932\" data-cid=\"9968235\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Living comfortably in Europe: How much net income do you need?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-795514-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--no-label\" data-nid=\"795514\" data-cid=\"3983694\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries are the most expensive?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2718278-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2718278\" data-cid=\"8947076\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Chinese EV giant BYD beats domestic players to hit record 2024 sales<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2721336-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2721336\" data-cid=\"8953660\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    UK drives forward as biggest European electric vehicle market<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2936724-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2936724\" data-cid=\"9967725\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Cyprus signs $1.8bn deal to develop first gas field<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The price of Europe&#8217;s benchmark natural gas contract broke above \u20ac100 per megawatt-hour on Wednesday afternoon, a level last seen in December 2022 at the height of the energy crisis that followed Russia&#8217;s full-scale invasion of Ukraine.The milestone came only hours after the EU&#8217;s energy chief, Dan J\u00f8rgensen, said the bloc was facing a new energy crisis and a tough winter.The front-month Dutch TTF contract, the benchmark for gas prices in Europe, traded at \u20ac100.37 per megawatt-hour at 16:00 CET, up over 4% on the day. It stood at around \u20ac32 before the Iran war began in late February, though it remains well below its record of about \u20ac340 in August 2022.&#8221;Once again, due to geopolitical turbulence, Europe faces another energy crisis,&#8221; J\u00f8rgensen told reporters in Brussels on Wednesday morning, after a meeting with European oil refiners.&#8221;We know that this winter will be difficult for European citizens and for our economy in general,&#8221; he said, adding that fuel bills in the EU were &#8220;skyrocketing&#8221;.The Commission also sees the worldwide diesel market staying tight well into 2027, keeping energy prices high, and wants to boost output at European refineries, around a quarter of which have closed over the past two decades.Storage lags as winter nearsEuropean gas supply is currently tight.Disruption to liquefied natural gas (LNG) shipments caused by the Iran war has cut off supplies from several sources, mainly Qatar, while Europe entered the summer with storage levels well below normal.EU gas storage stood at 75% on 21 October, according to the EU Agency for the Cooperation of Energy Regulators (ACER), well short of the bloc&#8217;s usual target of 90% by 1 November, which countries have been allowed to apply more flexibly.Storage sites were just 28% full at the end of last winter, compared with a nine-year average of around 40%, and refilling has been slow and costly. ACER estimated the war has pushed up Europe&#8217;s bill for gas imports by between \u20ac18 billion and \u20ac33 billion.Almost no Qatari LNG made it to the EU over the summer, leaving the bloc increasingly reliant on the US, which now supplies roughly 30% of its gas, ACER added.Europe will also compete with Asia for spare LNG cargoes over the winter, potentially exposing it to further price swings, the agency warned. However, gas demand is around 20% lower than before the 2022 crisis, making the gas that is in storage stretch further.The EU is scrambling for alternatives.The bloc and Canada are exploring a long-term LNG deal, according to a draft statement for their summit in Montreal on Thursday and Friday, seen by Euronews.EU energy ministers are also due to meet on Thursday.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/2026\/10\/28\/european-gas-price-crosses-100-for-first-time-since-2022-as-eu-warns-of-new-crisis&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/94\/54\/83\/1200x675_cmsv2_2baa6642-c113-5434-8aa0-b2dfa21f13ee-9945483.jpg&#8221;] EU News Nord Stream won&#8217;t reopen after the war, Brussels tells US and Russia No Comment Spain: Rescuers search mangled train wreckage near Toledo Europe News Brussels approves Hungary\u2019s \u20ac5.4bn defence loan Modern Nomads Discovering the birthplace of apples In partnership with MDQ Business Markets European gas price crosses \u20ac100 for first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2224534","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2224534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2224534"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2224534\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2224534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2224534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2224534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}