Natural gas prices in Europe have risen above €80 per megawatt-hour for the first time in three years.
Benchmark futures climbed 6.8% to €80.98, marking the highest level on the European gas market since January 2023.
According to the source, gas prices have more than doubled since the start of the war in the Middle East. Even so, current levels remain below the peaks recorded during the energy crisis.
The latest move highlights how sensitive the market remains to geopolitical risks and uncertainty surrounding supply.
