Analysts warn European gas prices, crucial for industry and consumers, could rebound this winter to highs not seen since the 2022 Russia-Ukraine energy shock. Prices may need to exceed €100/MWh to draw sufficient flexible U.S. LNG cargoes away from A

2026-08-27

Analysts warn European gas prices, crucial for industry and consumers, could rebound this winter to highs not seen since the 2022 Russia-Ukraine energy shock. Prices may need to exceed €100/MWh to draw sufficient flexible U.S. LNG cargoes away from Asia. Extreme weather and disruptions to gas shipments via the Strait of Hormuz has left European storage at historic seasonal lows.