official and press (European Commission remarks by Commissioner Jørgensen; TTF price per Euronews and Reuters; storage per Reuters and AGSI data cited by franceinfo, Oct 28)
Europe's gas price tops €100 for the first time since 2022 as the EU warns of another energy crisis
The price that heats Europe's homes crossed a line it last crossed in the worst winter of the last crisis, and the commissioner in charge said the word out loud.
Key facts
- Price
- Front month Dutch TTF at €100.37 per MWh at 16:00 CET Oct 28, up over 4% on the day (Euronews); briefly €100 per MWh at around 1335 GMT, per ICE data (Reuters)
- Last time
- December 2022 (Euronews); record about €340 in August 2022 (Euronews, Reuters)
- Before the war
- About €32 before the Iran war began in late February (Euronews)
- Warning
- "Once again, due to geopolitical turbulence, Europe faces another energy crisis" (Commissioner Jørgensen)
- Supply
- Disruption to Middle East LNG shipping keeps supply tight (Reuters); almost no Qatari LNG reached the EU over the summer, per ACER (Euronews)
- EU storage
- Nearly 75% full (Reuters); 74.93% on Oct 27 against 82.91% a year earlier, per AGSI data cited by franceinfo
- Germany storage
- Around 60% (Reuters); 61.65%, per AGSI data cited by franceinfo
We know that this winter will be difficult for European citizens and for our economy in general.
EU Energy Commissioner Dan Jørgensen, Oct 28
Note
Europe's benchmark gas price has crossed €100 per megawatt hour for the first time since 2022. The front month Dutch TTF contract traded at €100.37 at 16:00 CET on Oct 28, up over 4% on the day, Euronews reports, a level last seen in December 2022. Reuters, citing Intercontinental Exchange data, said it briefly touched €100 at around 1335 GMT.
Hours earlier in Brussels, EU Energy Commissioner Dan Jørgensen said: "Once again, due to geopolitical turbulence, Europe faces another energy crisis." He said fuel bills in the EU were skyrocketing and that this winter would be difficult for citizens and the economy.
Reuters says disruption to Middle East shipping of liquefied natural gas is keeping supply tight as Europe enters the heating season with storage nearly 75% full and Germany's at around 60%. AGSI data cited by franceinfo put EU storage at 74.93% on Oct 27, against 82.91% a year earlier, and Germany's at 61.65%.
The price stood at about €32 before the Iran war began in late February, Euronews reports, and remains well below its record of about €340 in August 2022.
Why it matters
Gas sets the price of power in Europe's hardest hours, so a gas price this high reaches every bill, every factory and every cold room before spring.
Sources
- European Commission: press remarks by Commissioner Jørgensen following the dialogue with European refineries, Oct 28 2026 (republished by Mirage News)
- Euronews: European gas price crosses €100 for first time since 2022 as EU warns of new crisis (Oct 28 2026)
- Reuters via Euronext: European gas touches €100 for first time since 2022 energy crisis (Oct 28 2026)
- franceinfo with AFP: Le gaz européen atteint les 100 euros le mégawattheure (Oct 28 2026)
Primary + secondary attribution as listed.
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