The increase in the price of gas in Europe as the cold season approaches and in the shadow of tensions in the Middle East
The European gas market faced an increase in prices on the eve of the cold season and at the same time as concerns about energy supply and disruption in the global supply of liquefied natural gas.
The European gas market faced an increase in prices on the eve of the cold season and at the same time as concerns about energy supply and disruption in the global supply of liquefied natural gas.
Sefir Arjan - Economic Group: The price of natural gas in the European market increased by 2.5% at the end of trading on Friday, October 16, 2026 (October 24, 1405); Meanwhile, the price of this energy carrier fluctuated in a relatively limited range on most days of the week.
European natural gas futures registered an increase in prices on Friday.
According to market data, the price of the Dutch benchmark natural gas futures contract known as "TTF" for delivery in November increased by about 2.5% during Friday's trading.
This increase occurred in a situation where the European energy market is facing concerns about gas supply and reserve levels on the eve of the cold season. Geopolitical developments and disruption in the global supply of liquefied natural gas have also affected the price outlook.
The increase in gas prices can increase the cost of energy supply for European households and industries; Especially as the demand for heating increases as winter approaches.
European Union countries have incurred more than 100 billion euros in additional energy costs since the start of the Iran war; The jump in prices has pushed Brussels to reduce dependence on fossil fuels.
The energy crisis, economic pressures and rapid changes in the international system have forced Europe to review its relations with Russia; Where the dialogue between Berlin and Moscow is at the same time a test for the independence of Europe and measuring the honesty of Western diplomacy.
The price of gas in Europe reached 84 euros per megawatt hour with a jump of 5%; A level not seen since early 2023. Europe's dependence on American and Norwegian gas and concerns about the Strait of Hormuz have put pressure on the energy market.