2.5% increase in gas prices in Europe

Gas prices in Europe increased by 2.5% under the influence of geopolitical tensions in this region and in West Asia.

According to Ambassador Arjan, citing the data of the Intercontinental Stock Exchange (ICE), 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.